Gold price forecast April 11, 2018

By | April 11, 2018

Gold forecast

Comex gold price trading higher at 1345$, our subscribers enjoyed this rise as our buy initiated at 1333$ for 1341$ yesterday. Today we have Fed minutes and monthly CPI data from US, So keep an eye on both events to determine further trend of gold. A good support on xau/usd chart stands at 1337$, If traders take this base out and manage to sustain trade below our support. Then expect more pressure in gold price upto 1330$ – 1324$ today.

A good hurdle on xau/usd chart stands at 1352$, If traders take this hurdle out and manage to sustain trade above our resistance. Then expect fresh buying in gold price upto 1361$- 1368$.

Gold price forecast conclusion: Gold trend is positive for now, avoid any sell.

Forex forecast

Eur/Usd trading at higher at 1.2375, Euro trading higher as dollar index tanked once again yesterday. A good base on this major forex pair stands at 1.2330, If traders break this major base and manage to sustain trade below our support. Then expect more pressure in euro upto 1.2300- 1.2250 today.

A good hurdle on this major forex pair stands at 1.2405, If traders break this major hurdle and manage to sustain trade above our resistance. Then expect good firepower in euro upto 1.2440- 1.2480 today.

Euro trend is positive for now.

Usd/Jpy trading at 107.03, Its trading slightly lower from its peak of 107.40. A good base on this major forex pair stands at 106.60, If traders break this major base and manage to sustain trade below our support. Then expect more pressure in usd/jpy upto 106.10- 105.50 today.

A good hurdle on this major forex pair stands at 107.40, If traders break this major hurdle and manage to sustain trade above our resistance. Then expect more firepower in usd/jpy upto 107.80- 108.30 today.

Usd/Jpy trend is flat to weak for now.

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One thought on “Gold price forecast April 11, 2018

  1. Pingback: USD/JPY, Dow Jones signals April 11, 2018. Best Gold signals

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