Gold analysis
Comex gold price crashed yesterday from 1350$ to 1338$ , we enjoyed this crash as our sell signal initiated near 1348$ . Currently xauusd prices are trading at 1336$ , A good support on gold chart stands at 1327$ , if traders tank this base and manage to sustain trade below our support today . Then expect good pressure in gold price upto 1320$ – 1308$ .
A good resistance on gold chart stands at 1344$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in gold upto 1352$ – 1360$ .
Gold analysis conclusion : Comex gold trend is flat to weak for now .
Silver support at 16.88$ , resistance at 17.35$ . Trend is weak for now .
Forex analysis
Eurusd trading weak at 1.2360 , a good base level on this forex pair stands at 1.2300 , if traders break this major base and manage to sustain trade below our support today . Then expect more pressure in euro upto 1.2270 – 1.2240 .
A good hurdle on this forex pair stands at 1.2405 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in euro upto 1.2460 – 1.2510 .
Eurusd trend is flat to weak for now .
Usdjpy trading at 108.74 , last night it tested 109.11 and then crashed , we enjoyed 109.11 as our forex signal target was 109.07 . A good support on this forex pair stands at 108.40 , if traders tank this base and manage to sustain trade below our support today . Then expect good pressure in yen upto 108 – 107.50 .
A good hurdle on this forex pair stands at 109.20 , if traders break this hurdle and manage to sustain trade above our resistance today . Then expect good firepower in yen upto 109.60 – 110 .
Usdjpy trend is flat to weak for now .
More will update to our signals subscribers .