Gold analysis

Comex gold price trading higher today at 1337$ , yesterday it tested 1328$ and now bouncing back on weak dollar . A good support on xauusd chart stands at 1325$ , if traders take this base out and manage to sustain trade below our support today . Then expect good pressure in gold price upto 1317$ – 1308$ .

A good resistance on xauusd chart stands at 1342$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower upto 1351$ – 1359$ .

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

Forex analysis

Eurusd trading at 1.2266 this fx pair trading slightly higher , a good resistance level on this forex pair stands at 1.2305 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in eurusd upto 1.2360 – 1.2420 .

A good base on this forex chart stands at 1.2230 , if traders take this base out and manage to sustain trade below our support today , then expect good pressure in eurusd upto 1.2200 – 1.2160 .

Eurusd trend is flat to positive for now .

Usdjpy trading at 110.77 , it fired last night till 111.20 and then crashed after BOJ kept interest rate unchanged . A good base on this forex chart stands at 110.40 , if traders take this base out and manage to sustain trade below our support today . Then expect good pressure in usdjpy upto 110 – 109.60 .

A good hurdle on this forex chart stands at 111.25 , if traders take this hurdle out and manage to sustain trade above our resistance today , then expect good firepower upto 111.60 – 112 .

Usdjpy trend is weak for now .

This week we have ECB monetary policy . Stay cautious .

For weekly Bitcoin , Gold and Dow Jones levels read our weekly forecast here

More will update to our signals subscribers .

By marafat