Forex and Gold analysis 18th Jan 2018

By | January 18, 2018

Gold analysis

Comex gold price crashed last night and tested near 1325$ , currently xauusd trading at 1329$ . We have China’s GDP numbers in an hours from now . A good support on xauusd chart stands at 1317$ , if traders tank this base and manage to sustain trade below our support today . Then expect more pressure in gold prices upto 1308$ – 1300$ .

A good resistance on xauusd chart stands at 1335$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower upto 1342$ – 1351$ .

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

Silver support stands at 16.88$ , resistance at 17.25$ , Trend is weak for now .

Forex analysis

Eurusd tanked last night as it tested 1.2160 currently its trying to recover as its trading at 1.2200 , a good base on this forex chart stands at 1.2140 , if traders take this base out and manage to sustain trade below our support . Then expect eurusd to test upto 1.2100 – 1.2050 .

A good hurdle on this forex chart stands at 1.2240 , if traders take this hurdle out and manage to sustain trade above our resistance today , then expect good firepower in eurusd upto 1.2280 – 1.2330 .

Eurusd trend is flat to weak for now .

Usdjpy trading at 111.20 this currency pair recovered smartly since yesterday . A good base level on this forex pair stands at 110.80 , if traders take this base out and manage to sustain trade below our support . Then expect good pressure in usdjpy upto 110.40 – 110 .

A good hurdle on this forex pair stands at 111.50 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in usdjpy upto 111.90 – 112.30 .

Usdjpy trend is flat to positive for now .

More will update to our signals subscribers .

One thought on “Forex and Gold analysis 18th Jan 2018

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