Gold analysis
Comex gold price trading higher at 1327$ weak dollar increasing buy in gold . A good support on xauusd chart stands at 1318$ , if traders tank this base and manage to sustain trade below our support today . Then expect more pressure in gold prices upto 1309$ – 1302$ .
A good resistance on xauusd chart stands at 1334$ , if traders take this hurdle out and manage to sustain trade above our resistance , then expect more firepower in gold price upto 1342$ – 1349$ .
Gold analysis conclusion : Comex gold trend is flat to positive for now .
Forex analysis
Euro trading higher and opened gap up , currently cruising at 1.2322 . A good base on this forex pair stands at 1.2280 , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure in euro upto 1.2230 – 1.2180 .
A good hurdle on this forex pair stands at 1.2360 , if traders take this hurdle out and manage to sustain trade above our resistance , then expect good firepower in euro upto 1.2400 – 1.2440 .
Euro trend is positive for now .
Usdjpy crashed early morning and still crashing it , it just tested 108.05 . A good base on this forex pair stands at 107.70 , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in yen upto 107.40 – 107 .
A good hurdle on this major forex pair stands at 108.40 , if traders take this hurdle out and manage to sustain trade above our resistance , then expect some recovery in yen upto 108.80 – 109.20 .
Usdjpy trend is weak for now .
More will update to our signals subscribers .