XAUUSD Gold Price forecast - Forex Trading Today

April ends and May begins. There is no change in the market. There will be no major changes in the market next month.

Gold: Gold prices will fall. As I expected, XAUUSD did not exceed $ 1286.56. Another resistance line is $ 1299.5. $ 1269.5 is supportive but weak. XAUUSD will drop to $ 1250.

Silver prices will fall further. $ 15.185 is a strong resistance line. $ 14.95 is supportive but weak. If XAGUSD goes up, it would be better to find opportunities to sell. In the medium term, silver prices will drop to $ 14.17. I will hold the sell-position.

[Gold price daily chart, XAUUSD]
Gold Price forecast, XAUUSD - Gold trading today

WTI: I do not know how much crude oil prices will go down. Perhaps, Brent oil may drop to $ 68.53 and WTI may fall to $ 59.53. What is clear at this point is that crude oil prices will continue to rise. It would be better to wait for the opportunities to buy.

Euro: The euro is in a downward trend. If EURUSD goes up, it will be an opportunity to sell. The resistance lines are 1.124 and 1.128. EURUSD will fall to at least 1.0817.