XAUUSD Gold Price forecast and trading, down to $ 1250 - Forex Trading Today
It is very difficult to read the precious metal market.
Gold: Gold is at a very crucial moment. $ 1270 is the front line of the war. It is not easy to say where the gold will go. In my opinion, XAUUSD is likely to decline to $ 1250.
Silver is staying at the same level. XAGUSD will drop a little more. I expect silver prices to drop to at least $ 14.68. If silver prices soar, it would be a very good opportunity to sell. I will hold the sell-position.
[Gold price daily chart, XAUUSD]
WTI: There is no change in the crude oil market. Crude oil prices are moving as I expected. The WTI will rise to at least $ 70, and Brent oil will rise to at least $ 79. The oil market is in a very fierce war.
Euro: The EURUSD is held between 1.1173 and 1.133. This situation will continue for some time. It is not good for trading euro.
Gold: Gold is at a very crucial moment. $ 1270 is the front line of the war. It is not easy to say where the gold will go. In my opinion, XAUUSD is likely to decline to $ 1250.
Silver is staying at the same level. XAGUSD will drop a little more. I expect silver prices to drop to at least $ 14.68. If silver prices soar, it would be a very good opportunity to sell. I will hold the sell-position.
[Gold price daily chart, XAUUSD]
WTI: There is no change in the crude oil market. Crude oil prices are moving as I expected. The WTI will rise to at least $ 70, and Brent oil will rise to at least $ 79. The oil market is in a very fierce war.
Euro: The EURUSD is held between 1.1173 and 1.133. This situation will continue for some time. It is not good for trading euro.