Forex and Gold analysis 07th Feb 2018

By | February 7, 2018

Gold analysis

Comex gold price trading at 1330$ last night it tested 1321$ and recovered smartly from there . A good support on xauusd chart stands at 1317$ , if traders take this base out and manage to sustain trade below our support today . Then expect good pressure in gold price upto 1308$ – 1300$ .

A good resistance on xauusd chart stands at 1339$ , if traders take this hurdle out and manage to sustain trade above our resistance today , then expect more firepower in gold price upto 1347$ – 1355$ .

Gold analysis conclusion : Comex gold trend is flat to weak for now .

Silver support at 16.48$ , resistance at 17.02$ . Trend flat to weak .

Forex analysis

Euro trading at slightly higher at 1.2386 after lows of last night . A good base on this forex pair stands at 1.2300 , if traders take this base out and manage to sustain trade below our support today , then expect good pressure in euro upto 1.2260 – 1.2220 today .

A good hurdle on this forex pair stands at 1.2430 , if traders take this hurdle out and manage to sustain trade above our resistance today , then expect good recovery in euro upto 1.2470 – 1.2500 .

Euro trend is flat to weak for now .

Usdjpy trading at 109.25 its trading a bit weaker after making highs near 109.75 last night . A good base on this major forex pair stands at 108.80 , if traders take this base out and manage to sustain trade below our support today , then expect good pressure in yen upto 108.40 – 108 .

A good hurdle on this forex pair stands at 109.60 , if traders take this hurdle out and manage to sustain trade above our resistance today , then expect good firepower in yen upto 110 – 110.40 .

Usdjpy trend is flat for now trade with key levels .

More will update to our trading signals subscribers .

2 thoughts on “Forex and Gold analysis 07th Feb 2018

  1. Pingback: Comex gold signal 07th Feb 2018 . Xauusd tips . Gold calls provider

  2. Pingback: Comex silver signal 07th Feb 2018 . Xagusd trading tips service

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