Forex and Gold analysis 28th Feb 2018

By | February 28, 2018

Gold analysis

Comex gold price trading at 1318$ , xauusd crashed badly after dollar index tested 90 last night . A food support on xauusd chart stands at 1307$ , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in gold price upto 1300$ – 1291$ .

A good resistance on xauusd chart stands at 1328$ , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect some mild recovery in gold upto 1337$ – 1345$ .

Gold analysis conclusion : Comex gold trend is weak for now , avoid major buy .

Silver support 16.25$ , resistance 16.60$ . Trend is weak .

Forex analysis

Euro crashed last night after good rise of dollar basket . Currently euro trading at 1.2220 . A good base on this forex chart stands at 1.2180 , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in euro upto 1.2150 – 1.2105 today .

A good hurdle on this forex pair stands at 1.2280 , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect euro to test upto 1.2320 – 1.2360 .

Euro trend is weak for now .

Usdjpy trading at 107.15 it recovered almost 80 pips from its low yesterday . A good base on this fx pair stands at 106.70 . If traders take this base out and manage to sustain trade below our support . Then expect more pressure in usdjpy upto 106.50 – 106.20 .

A good hurdle on this major fx pair stands at 107.50 , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect more firepower in usdjpy upto 107.80 – 108.20 .

Usdjpy trend is positive for now .

More will update to our signals subscribers .

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