XAUUSD Gold Price forecast and trading, down to $ 1250 - Forex Trading Today
The market situation is very interesting. Market will go its own way.
Gold: Gold prices will fall a little more. The support line of $1269.5 is weak. XAUUSD is likely to drop to $ 1250. The resistance line is $ 1268.55.
Silver prices will also fall a little more. XAGUSD is likely to drop to $ 14.68. The resistance line is $ 15.03.
[Gold price daily chart, XAUUSD]
WTI: The oil markets are resting, and they are getting hotter. Crude oil prices will continue to rise. Brent oil will rise to at least $ 79 and the WTI will rise to at least $ 70.
Euro: The euro has finished resting and has started moving. 1.1173, a meaningful price line, was broken. In the medium term, EURUSD will fall to 1.0841.
Gold: Gold prices will fall a little more. The support line of $1269.5 is weak. XAUUSD is likely to drop to $ 1250. The resistance line is $ 1268.55.
Silver prices will also fall a little more. XAGUSD is likely to drop to $ 14.68. The resistance line is $ 15.03.
[Gold price daily chart, XAUUSD]
WTI: The oil markets are resting, and they are getting hotter. Crude oil prices will continue to rise. Brent oil will rise to at least $ 79 and the WTI will rise to at least $ 70.
Euro: The euro has finished resting and has started moving. 1.1173, a meaningful price line, was broken. In the medium term, EURUSD will fall to 1.0841.