Forex and Gold analysis 17th Jan 2018

By | January 17, 2018

Gold analysis

Comex gold price crashed from 1344$ to 1331.70$ yesterday and we enjoyed as our sell signal initiated near 1339$ for target of 1332$ , today again xauusd tested 1344$ and now trading at 1335$ . A good support on xauusd chart stands at 1325$ , if traders tank this base and manage to sustain trade below our support today . Then expect good pressure in gold price upto 1317$ – 1308$ .

A good resistance on xauusd chart stands at 1345$ , if traders take this hurdle out and manage to sustain trade above our hurdle today . Then expect good firepower in gold price upto 1353$ – 1360$ .

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

Comex Silver support now stands at 16.95$ and resistance at 17.36$ . Trend is weak for now .

Forex analysis

Eurusd trading at 1.2245 , it tested new high last night around 1.2322 and then cracked approx 100 pips from there . A good base level on this forex pair stands at 1.2200 , if traders tank this base and manage to sustain trade below our support today . Then expect good pressure in eurusd upto 1.2160 – 1.2120 .

A good hurdle on this forex chart stands at 1.2300 , if traders break this major hurdle and manage to sustain trade above our resistance today . Then expect good firepower in eurusd upto 1.2360 – 1.2399 .

Eurusd trend is flat to weak for now .

Usdjpy tried to recover last night but tanked near US closing . Currently its trading approx 70 pips up from its last night low at 110.90 . A good hurdle on this forex chart stands at 111.20 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in usdjpy upto 111.60 – 112 .

A good base on this forex chart stands at 110.40 , if traders take this base out and manage to sustain trade below our support today . Then expect good pressure in usdjpy upto 110 – 109.60 .

Usdjpy trend is flat to positive for now .

More will update to our signals subscribers .

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