Forex and Gold analysis 27th Feb 2018

By | February 27, 2018

Gold analysis

Comex gold price trading at 1333$ its trading in small range since yesterday . Today we have core durable orders from US so keep an eye on this data . A good support on xauusd chart stands at 1325$ , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in gold price upto 1317$ – 1308$ .

A good resistance on xauusd chart stands at 1344$ , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect more firepower in gold price upto 1352$ – 1360$ .

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

Forex analysis

Euro trading at 1.2325 , euro took a hit last night and tested 1.2288 and then bounced back pretty smartly . A good base on this forex pair stands at 1.2270 , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in euro upto 1.2240 – 1.2200 .

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 more firepower in euro upto 12400 – 1.2440 .

Euro trend is positive for now .

Usdjpy trading at 106.85 , last night it tested above 107 but it could not survive on higher levels . A good base on this fx pair stands at 106.50 , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in usdjpy upto 106.10 – 105.50 .

A good hurdle on this fx pair stands at 107.20 , if traders snick this hurdle out and manage to sustain trade above our resistance . Then expect good recovery in yen upto 107.60 – 108 .

Usdjpy trend is flat to weak for now .

More will update to our signals subscribers .

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