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. :-)
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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
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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