Gold and Forex analysis 04th Dec 2018

By | January 4, 2018

Gold analysis

Comex gold ( xauusd ) price trading at 1310$ , Xauusd price trading in little pressure since yesterday . A good support on daily technical chart stands at 1300$ , if traders take this base out and manage to sustain trade below our support . Then expect more pressure on this precious metal price upto 1292$ – 1284$ today .

A good resistance on daily technical chart stands at 1321$ , if traders take this hurdle out and manage to sustain trade above our resistance today , then expect good firepower in gold price upto 1328$ – 1336$ .

Gold analysis conclusion : Comex xauusd trend is flat to weak for now .

Forex analysis

Eur/Usd trading at 1.2018 , it cracked from 1.2080 yesterday and now trading near major support of 1.1990 , a good base level on fx chart stands at 1.1950 , once traders take this base out and manage to sustain trade below our support today . Then expect more pressure in this forex pair upto 1.1910 – 1.1850 .

A good hurdle on daily fx chart stands at 1.2055 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in this forex pair upto 1.2099 – 1.2133 .

Eur/Usd trend is flat to positive for now .

Usd/Jpy trading at 112.57 , It tested 112.78 yesterday . A good base level on daily fx chart stands at 112.30 , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure in this forex pair upto 112 – 111.70 .

A good hurdle on daily fx chart stands at 112.82 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower upto 113.12 – 113.45 .

Usd/Jpy trend is flat to positive for now .

We have ADP Non farm employment change and Unemployment claims data from US today . Keep an eye on both events .

Read our yearly outlook on Bitcoin , Gold and Dow Jones here

More will update to our signals subscribers .