Forex_Analysis_Wing

Gold Price analysis and forecasting:

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold distracted from its track and turned negative today near 1978. The Gold price looking unchanged practically after following US CPI data.

The nexts, gold market can fall more if the resistance may continue like today. It's following the downtrend and may hit our targets accordingly.
My first focus to achieved my first target point around 1967 and then to hit my next target at the end of this week.
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Now Gold is near at physiological support area but I am looking for more resistances to make it fall to near 1950.

US Geopolitical tensions may continue growing amongst tension because of news of attacks to the US troops, in the Middle East by Iran-backed groups. Additionally, this provides some support to precious metals on the back of their safe and precious heaven status.
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