Gold analysis
Comex gold price trading at 1266$ , it tested 1268$ early morning and now trying to settle above 1265$ . A good resistance on daily chart stands at 1272$ , once trader cut through this resistance and manage to hold above our key hurdle . Then expect good firepower upto 1280$ – 1288$ in gold prices .
A good support on daily chart stands at 1258$ , if traders take this base out and manage to sustain trade below our support today . Then expect gold price to test upto 1251$ – 1243$ .
Gold analysis conclusion : We have final quarterly US GDP numbers today , keep an eye on numbers . Technically gold is looking positive for now .
Forex analysis
Eur/Usd tested 1.1900 yesterday in a spike and then started retracing . Currently this fx pair is flirting with 1.1870 . A good hurdle on daily fx chart stands at 1.1910 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect this forex pair to test upto 1.1950 – 1.1990 today .
A good support on euro chart stands at 1.1830 , if traders take this base out and manage to sustain trade below our support today . Then expect this forex pair to test upto 1.1800 – 1.1770 .
Eur/usd trend is flat to positive for now .
Usd/Jpy trading at 113.43 almost at highest level of the day . A good base on this fx pair stands at 113.20 , if traders breaks this base and manage to hold below our support today . Then expect more pressure on this forex pair upto 112.90 – 112.60 .
A good hurdle on daily fx chart stands at 113.80 , if traders take this hurdle out and manage to hold above our resistance today . Then expect this major forex pair to fire upto 114.20 – 114.60 .
Usd/Jpy trend is flat to weak for now .
More will update to our signals subscribers .