XAUUSD Gold Price forecast and trading, down to $ 1269 - Forex Trading Today
[Gold price daily chart, XAUUSD]
As expected, the market is quiet.
Gold: Gold prices will go down further. XAUUSD stands at $ 1290, a weak support line. The resistance line has dropped to $ 1303.3. The support line is $ 1269. If the gold prices go up, it will be an opportunity to sell.
There seems to be a possibility that the silver price will spark. The resistance line is $ 15.37. If XAGUSD soars, it will be a very good opportunity to sell. The support line is $ 14.68. Silver prices will fall further. I will hold the sell-position.
WTI: Crude oil prices are quiet today. The WTI reached a weak resistance line of $ 63. They may stay around $ 63 for a while. Then they will rise again. The next target price is $ 68.
Euro: EURUSD is likely to move between 1.1173 and 1.1355 for a while. If it goes over 1.133, it would be better to look for opportunities to sell. It would be better to do sell-trading rather than buy-trading. The euro is in a downward trend.
As expected, the market is quiet.
Gold: Gold prices will go down further. XAUUSD stands at $ 1290, a weak support line. The resistance line has dropped to $ 1303.3. The support line is $ 1269. If the gold prices go up, it will be an opportunity to sell.
There seems to be a possibility that the silver price will spark. The resistance line is $ 15.37. If XAGUSD soars, it will be a very good opportunity to sell. The support line is $ 14.68. Silver prices will fall further. I will hold the sell-position.
WTI: Crude oil prices are quiet today. The WTI reached a weak resistance line of $ 63. They may stay around $ 63 for a while. Then they will rise again. The next target price is $ 68.
Euro: EURUSD is likely to move between 1.1173 and 1.1355 for a while. If it goes over 1.133, it would be better to look for opportunities to sell. It would be better to do sell-trading rather than buy-trading. The euro is in a downward trend.