Gold and Forex analysis 19th Dec 2017

By | December 19, 2017

Gold analysis

Comex gold price cruising at 1263$ , yesterday it fired beautifully from 1255$ to 1264$ , our subscribers enjoyed this run as our buy signal delivered good profit in xauusd . Currently a good support on daily chart stands at 1255$ , if traders take this base out and manage to hold xauusd price below this level . Then expect gold to crack upto 1247$ – 1242$ again .

A good resistance on daily chart stands at 1272$ , if traders take this hurdle out and manage to hold price above our resistance . Then expect gold prices to test upto 1279$ – 1284$ today .

Gold analysis conclusion : Comex gold trend is positive for now .

Forex analysis

Eur/usd trading at 1.1792 , it tested above 1.1828 yesterday and tried to retrace after that . Currently this fx pair trading at highest point of the day . A good hurdle on daily fx chart stands at 1.1830 , if traders breaks this major hurdle and manage to hold above our resistance today . Then expect this major forex pair to test upto 1.1860 – 1.1899 today .

A good base level on daily fx chart stands at 1.1750 , if traders breaks this major base and manage to hold price below our support today . Then expect this forex pair to test upto 1.1710 – 1.1660 .

Eur/usd trend is flat to positive for now .

Usd/Jpy trading at 112.55 , last night it tested 112.30 and our subscribers enjoyed approx 35 pips profit in this forex pair . A good base level on daily fx chart stands at 112.25 , if traders take this base out and manage to hold below our support . Then expect more pressure upto 111.90 – 111.50 .

A good hurdle on daily fx chart stands at 112.90 , if traders take this hurdle out and manage to hold above our resistance today . Then expect good recovery in this major forex pair upto 113.40 – 113.80 .

Usd/Jpy trend is flat to weak for now .

More will update to our signals subscribers .

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