Gold forecast 03rd week April 2018

By | April 16, 2018

Weekly Gold forecast

Comex gold price trading at 1347$, xau/usd opened slightly higher following Syria’s growing conflict. We have China’s GDP numbers which will have a good impact on gold prices. A good weekly support on xau/usd chart stands at 1325$ for now, If traders breaks this major base and manage to close below our support. Then expect good pressure in gold price upto 1303$ – 1270$.

A good resistance on xau/usd chart stands at 1375$, If traders break this barrier and manage to close above our resistance. Then expect good firepower in gold price upto 1400$ – 1427$ this week.

Gold price forecast conclusion: Gold trend is flat to positive for this week.

Dow Jones forecast

Dow Jones trading in a small range since last week and currently cruising at 24445. US equities are unaffected by Syria’s conflict so far and its trading solid 80 points+ this morning. A good base on US30 chart stands at 24180, If traders breaks this major base and manage to close below our support. Then expect more pressure in Wall Street upto 23800- 23400 this week.

A good hurdle on Dow30 chart stands at 24680, If traders breaks this major hurdle and manage to close above our resistance. Then expect good firepower in Wall Street upto 24990- 25300 this week.

Dow Jones forecast conclusion: Dow Jones looking positive for upcoming week but stay cautious on higher levels.

More will update in daily forecast.

One thought on “Gold forecast 03rd week April 2018

  1. Pingback: Dow Jones signal April 19, 2018. Best Forex signals

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