Gold and Forex analysis 26th Jan 2018

By | January 26, 2018

Gold analysis

Comex gold price trading at 1354$ yesterday it fired and tested 1366$ . After making highs it crash nearly 25$ in an hour as it tested 1342$ . Now its holding well above 1350$ . A good support on xauusd chart stands at 1340$ , if traders tank this base and manage to sustain trade below our support today . Then expect good pressure in gold price upto 1332$ – 1325$ .

A good resistance on xauusd chart stands at 1366$ , if traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect good firepower in gold price upto 1373$ – 1379$ .

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

Forex analysis

Eurusd trading at 1.2444 after it tested 1.2390 last night . Now euro trying to stabilize after sudden crash came last night . A good hurdle on this forex pair stands at 1.2480 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in eurusd upto 1.2520 – 1.2560 .

A good base level on this forex pair stands at 1.2400 , if traders take this base out and manage to sustain trade below our support today . Then expect good pressure in euro upto 1.2350 – 1.2300 .

Eurusd trend is flat to positive for now .

Usdjpy trading at 109.22 , after disastrous 108.50 it recovered smartly last night . A good base on this forex pair stands at 108.40 , if traders tank this base and manage to sustain trade below our support today . Then expect good pressure in usdjpy upto 108 – 107.50 .

A good hurdle on this forex pair stands at 109.65 , if traders break this major hurdle and manage to sustain trade above our resistance today . Then expect some more recovery in usdjpy upto 110.20 – 110.70 .

Usdjpy trend is flat to weak for now .

More will update to our signals subscribers .

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