XAUUSD Gold price forecast, down to $1250 - Forex Trading Today
Forex trading XAU/USD : Gold market is boring.They may start an activity soon. In the long term, XAUUSD is going down. The resistance lines are $ 1287 and $ 1295. The important price is $ 1269.5. That level is a support line, however, not strong. Gold prices will go down to at least $ 1250. Gold could not go up without confirming the support at $ 1250.
[Gold price weekly chart, XAUUSD]
Silver prices are moving as expected. The support for XAGUSD is $14.2. $14.95 is its resistanc. The sell positions established will bring some good profits. It would be better to hold the positions. We need to see that XAGUSD is in the downwards trend.
[Gold price weekly chart, XAUUSD]
Silver prices are moving as expected. The support for XAGUSD is $14.2. $14.95 is its resistanc. The sell positions established will bring some good profits. It would be better to hold the positions. We need to see that XAGUSD is in the downwards trend.