XAUUSD Gold Price forecast - Forex Trading Today
It is not easy to predict the market. The markets have reached their support and resistance lines.
Gold: Gold prices have stopped falling at the support of $ 1269.5, as expected. The resistance lines are $ 1286.56 and $ 1299.5. XAUUSD will drop a little more. They can not help but test whether $ 1250 is supportive.
The silver is struggling to keep the support line of $ 14.95. I expected that support line was not strong, and I still think so. $ 15.03 is a very meaningful level. The resistance line is $ 15.19. XAGUSD will drop a little more. I will hold the sell-position.
[Gold price daily chart, XAUUSD]
WTI: The oil market is calm. Crude oil prices have reached their resistances, as already talked about. If crude oil prices fall, it would be better to look for opportunities to buy. They will rise further in the medium and long term.
Euro: The euro is moving as I expected. EURUSD will decline in the medium term. The resistance lines are 1.1208 and 1.1277. Support lines are 1.1084 and 1.0817.
Gold: Gold prices have stopped falling at the support of $ 1269.5, as expected. The resistance lines are $ 1286.56 and $ 1299.5. XAUUSD will drop a little more. They can not help but test whether $ 1250 is supportive.
The silver is struggling to keep the support line of $ 14.95. I expected that support line was not strong, and I still think so. $ 15.03 is a very meaningful level. The resistance line is $ 15.19. XAGUSD will drop a little more. I will hold the sell-position.
[Gold price daily chart, XAUUSD]
WTI: The oil market is calm. Crude oil prices have reached their resistances, as already talked about. If crude oil prices fall, it would be better to look for opportunities to buy. They will rise further in the medium and long term.
Euro: The euro is moving as I expected. EURUSD will decline in the medium term. The resistance lines are 1.1208 and 1.1277. Support lines are 1.1084 and 1.0817.