Gold price forecast April 18, 2018

Gold forecast

Gold ( Xau/Usd ) prices trading at 1345$, Its trying to break 1350$ since Monday but unable to hold above this major hurdle and even yesterday it tested near 1350$ and crashed till 1337$. A good support on xau/usd chart stands at 1337$, If traders break this major base and manage to sustain trade below our support. Then expect more pressure in gold price upto 1330$- 1325$.

A good resistance on xau/usd chart stands at 1352$, Once traders break this major hurdle and manage to sustain trade above our resistance. Then expect good recovery in gold price upto 1360$- 1366$, above 1366$ hold will eventually add upto 1375$ and 1399$.

Gold price forecast conclusion: Gold trend is flat to positive for now.

Forex forecast

Eur/Usd trading at 1.2372, it tested above 1.2400 for a while but could not sustain well and gave a pull back. A good base on this major forex pair stands at 1.2340, If traders breaks 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 resistance on this major forex pair stands at 1.2420, If traders breaks this major hurdle and manage to sustain trade above our resistance. Then expect good firepower in euro upto 1.2460- 1.2500 today.

Euro trend is flat to positive for now.

Usd/Jpy trading at 107.33, It recovered well after dollar index gave up its weakness last night. A good base on this major forex pair stands at 106.90, If traders break this major base and manage to sustain trade below our support. Then expect more pressure in usd/jpy upto 106.50- 106.05 today.

A good hurdle on this major forex pair stands at 107.70, If traders breaks this major hurdle and manage to sustain trade above our resistance. Then expect more firepower in usd/jpy upto 108- 108.60.

Usd/Jpy trend is flat to positive for now.

More will update to our signals subscribers, Check our trading signals package details here

Follow us on twitter here