GOLD/EUR 1W: Undervalued! Min target 1.150 EUR until End 2017.

The strength of the EUR has pushed the gold price down. Apart from this fact, GOLD is undervalued in EUR. Strong resistance at 1.150 EUR.

If the war scenarios continue, a further additional up could be expected. It is also possible that the USD will stabilize against the euro until end of the year. This also makes a stronger up possible.

Let's see what happens. Happy trading. :-)

Comment:

Q4-2017 - Quarterly view of GOLD/EUR.
1 Week time interval.

Support at 1080 EUR
Resistance at 1140 EUR

Current forecast until end of 2017:
Target 1100 / 1120 EUR

Comment:

Q1-2018 - Quarterly view of GOLD/EUR.
1 Week time interval.

Support at 1052 EUR
Resistance at 1156 EUR (Fibo 38%)

Current forecast until end of Q1-2018:
Target 1120 / 1150 EUR