Gold and Forex analysis 22nd Dec 2017

By | December 22, 2017

Gold analysis

Comex gold price trading flat since yesterday as Christmas holidays are approaching . Volumes are thin and markets are slow . Major action can be seen in cryptocurrency specially in Bitcoin . We will cover Bitcoin from next year time to time . Currently gold has a good hurdle on daily chart at 1272$ , if traders cut through this hurdle and manage to hold price above our resistance today . Then expect gold price to fire upto 1280$ – 1288$ .

A good support on daily chart stands at 1260$ , if traders breaks this major base and manage to hold below our support today . Then expect good pressure on gold price upto 1252$ – 1247$ .

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

Forex analysis

Eur/Usd trading at 1.1857 , it cracked and tested 1.1815 in early morning session . A good base level on daily forex chart stands at 1.1800 , if traders take this base out and manage to sustain trade below our support today . Then expect euro to test upto 1.1750 – 1.1700 today .

A good hurdle on daily forex chart stands at 1.1910 , if traders take this hurdle and manage to hold above our resistance today . Then expect euro to test upto 1.1940 – 1.1980 .

Eur/Usd trend is flat to positive .

Usd/Jpy trading at 113.38 , this forex pair trading flat since yesterday . A good base on daily forex chart stands at 113.02 , if traders take this base out and manage to hold below our support today . Then expect good pressure in this currency pair upto 112.70 – 112.40 .

A good hurdle on daily forex chart stands at 113.80 , if traders take this hurdle out and manage to hold above our resistance today . Then expect usd/jpy to test upto 114.20 – 114.60 .

Usd/Jpy trend is flat to weak for now .

This will be our last update for year 2017 If market is not moving anywhere and trade flat further .

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More will update to our signals subscribers .

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