Forex, Gold price forecast March 28, 2018

By | March 28, 2018

Gold price forecast

Comex gold price crashed from 1356$ to 1339$ last night as dollar index regained some ground and tested 89 . This rise in dollar came as reports suggested that tensions between US and China may ease off and both nation might want to solve problems without going for a trade war . Today we have a good support on xau/usd chart stands at 1337$ , If traders take this base out and manage to sustain trade below our support . Then expect good pressure in gold price upto 1330$ – 1325$ .

A good resistance on xau/usd chart stands at 1352$, If traders take this hurdle out and manage to sustain trade above our resistance . Then expect good firepower in gold price upto 1363$ if traders manage cut above 1363$ then expect fresh buying upto 1380$ – 1400$ very soon .

Gold price forecast conclusion : Comex gold price trend is flat to weak for now . Stay cautious as market is in big range .

Forex forecast

Eur/Usd trading at 1.2393 , This currency pair trading weaker since yesterday as dollar index trading approx 1% higher since yesterday . A good base on this forex pair stands at 1.2350 , If traders take this base out and manage to sustain trade below our support . Then expect good pressure in euro upto 1.2300 – 1.2250 today .

A good hurdle on this forex pair stands at 1.2430 , If traders take this hurdle out and manage to sustain trade above our resistance . Then expect good recovery in euro upto 1.2470 – 1.2500 .

Euro trend is flat to weak for now .

Usd/Jpy trading at 105.68 , last night it crashed from 105.90 to 105.40 despite good strength in dollar index . A good base on this major forex pair stands 105.30 , If traders take this base out and manage to sustain trade below our support . Then expect good pressure in usd/jpy upto 105 – 104.70 .

A good hurdle on this forex pair stands at 106.20 , If traders break this barrier and manage to sustain trade above our resistance . Then expect good firepower in usd/jpy upto 106.60 – 107 today .

Usd/Jpy trend is flat to weak for now .

More will update to our signals subscribers .

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