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GOLD Forecast. Heading to higher prices

FXPRO

GOLD Forecast. The metal could be heading to higher prices, 1355, 1400, 1450... 1500 (medium-long term).

Current price is 1315.46 (after Brexit vote). After this small consolidation we are seeing the price to begin going up to higher levels as mentioned above. Small pullbacks can occur down to 1300, 1290, but unlikely to break those levels.

That been said, BUY positions recommended.

 

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FTSE FUTURES Advancing ahead of Brexit Vote.

FXPRO

The FTSE FUT. and Spot has been advancing ahead of the Brexit Vote, which will take place this Thursday 23th.

This recent move (up) is suggesting that the REMAIN would be the result of this Brexit Vote, mostly based on the recent polls results, REMAIN = 51.1%, LEAVE = 48.9%. 

That been said, it is possible to see the price mark to go higher, suggesting a BUY.

 

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As for some currency pairs: (Trading Ideas)

GBPUSD: BUY is the suggestion, but with caution since entering now is very risky.

GBPJPY: BUY. Same as above. Extreme caution.

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