Intraday Forex and Gold analysis 26th Feb 2018

By | February 26, 2018

Gold analysis

Comex gold price trading higher at 1339$ , today xauusd opened pretty positive and sustaining well on above 1338$ which is a good sign for buyers . A good hurdle on xauusd chart stands at 1348$ , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect more power in gold price upto 1357$ – 1363$ above 1363$ expect fresh buying in gold price upto 1390$ .

A good support on xauusd chart stands at 1332$ , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in gold price upto 1327$ – 1320$ .

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

Silver resistance at 16.95$ support at 16.50$ . Trend positive .

Forex analysis

Euro trading higher at 1.2324 , it opened well and sustaining above 1.2300 with good volume . 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 . Then expect more pressure in eurusd upto 1.2240 – 1.2200 today .

A good hurdle on this forex pair stands at 1.2370 , if traders take this hurdle out and manage to sustain trade above our resistance , then expect more firepower in euro upto 1.2400 – 1.2440 .

Euro trend is positive for now .

Usdjpy opened lower and now trading below 106.50 with good volumes . A good base on this fx pair stands at 106.20 , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in usdjpy upto 105.80 – 105.40 .

A good hurdle on this fx pair stands at 107.05 , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect good recovery in usdjpy upto 107.50 – 107.99 .

Usdjpy trend is weak for now .

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