Gold forecast
Comex gold price trading at 1327$ , it crashed yesterday from 1333$ and our subscribers enjoyed as our sell initiated near 1331.50$ . A good support on xauusd chart stands at 1317$ , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in gold price upto 1308$ – 1300$ today .
A good resistance on xauusd chart stands at 1338$ , if traders take this hurdle out and manage to sustain trade above our resistance , then expect good firepower in gold price upto 1344$ – 1352$ .
Gold forecast conclusion : Comex gold price is flat to weak for now .
Silver support 16.30$ , resistance 16.75$ , Trend is flat to weak for now .
Forex analysis
Eurusd trading at 1.2406 , Euro trading flat since yesterday . A good base on this forex pair stands at 1.2370 , if traders take this base out and manage to sustain trade below our support . Then expect good pressure in euro upto 1.2340 – 1.2300 .
A good hurdle on this major forex pair stands at 1.2450 , if traders take this hurdle out and manage to sustain trade above our resistance , then expect good firepower in euro upto 1.2500 – 1.2550 .
Euro trend is flat to positive for now .
Usdjpy trading at 105.95 , yesterday it fired and our subscribers enjoyed as our buy initiated at 105.80 for target above 106.10 . A good hurdle on this fx chart stands at 106.25 , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect good firepower in usdjpy upto 106.70 – 107 .
A good base on this major fx pair stands at 105.60 , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in 105.20 – 104.70 .
Usdjpy trend is flat to weak for now .
More will update to our trading signals subscribers .