Gold and Forex analysis 12th December 2017

By | December 12, 2017

Gold analysis

Comex gold price tested fresh lows last night around 1240$ and stopped out our buy signal around 1242$ , currently prices are flirting with 1245$ , A good resistance on daily technical chart stands at 1252$ , if traders breaks this major hurdle and manage to hold above our key level . Then expect good firepower in xauusd price upto 1260$ – 1266$ .

A good support on daily chart stands at 1232$ , if traders breaks this major base and manage to hold price below our support . Then expect more pressure in this precious metal upto 1225$ – 1217$ .

Gold analysis conclusion : Comex xauusd trend is flat to weak for now , a break below 1240$ will open doors for fresh selling .

Forex analysis

Eur/Usd crashed and tested below 1.1700 last night , currently prices are seems stabilized at 1.1770 , a good hurdle on daily chart stands at 1.1820 , once traders take this hurdle out and manage to hold price above our resistance . Then expect good recovery in this major forex pair upto 1.1870 – 1.1920 today .

A good base level on daily chart stands at 1.1720 , if traders cut through this base and manage to break this key level . Then expect more pressure upto 1.1680 – 1.1650 .

Eur/usd trend is flat to positive for now .

Usd/Jpy trading at 113.45 , this forex pair is trading flat since yesterday . A good base level on daily technical chart stands at 113.10 , if traders take this base out and manage to hold price below our support today . Then expect more pressure in this forex upto 112.70 – 112.30 .

A good hurdle on daily chart stands at 113.70 , if traders take this hurdle out and manage to hold price above our resistance , then expect more firepower in this forex pair upto 114.10 – 114.50 .

Usd/Jpy trend is flat to weak for now .

More will update to our signals subscribers .