Gold Price forecast and trading, XAUUSD - down to $1269.5 - Gold trading today

The market is disorderly. The market does not know where to go.

Gold: As expected, gold prices have fallen. XAUUSD is likely to drop a little more. They will drop to $ 1269.5 or $ 1250. The gold prices hit the support line of $ 1270. Perhaps, the support line will not be strong. The resistance line dropped to 1290.65.

Silver is relatively stronger than gold. XAGUSD stopped dropping on the support line of 14.95. I do not think that support is strong. The silver price will drop a little more. They will fall to at least 14.68. I will hold the sell-position.

[Gold price daily chart, XAUUSD]
Gold Price forecast and trading, XAUUSD - down to $1269.5 - Gold market today


WTI: The oil market is hot. As expected, the situation in the crude oil market is getting worse. In the near future, the oil market will be in turmoil. So-called they have set fire to the Middle East. Brent oil is likely to go up to $ 79.1 and WTI to $ 71.

Euro: For the time being, the euro is not good for trading. EURUSD is stuck between 1.1173 and 1.133. Even if European stocks rise, the euro will not go higher. It would be better to wait for an opportunity to sell EURUSD.

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