Gold price forecast April 19, 2018

By | April 19, 2018

Gold forecast

Comex Gold price trading at 1352$, last night silver gained more than 2% but gold could not sustain on test higher levels as dollar index is firm and not showing any weakness so far. A good support on xau/usd chart stands at 1347$, If traders breaks this major base and manage to sustain trade below our support. Then expect more pressure in gold prices upto 1340$ and 1332$.

A good resistance on xau/usd chart stands at 1362$, If traders break this major hurdle and manage to sustain trade above our resistance. Then expect more firepower in gold price upto 1370$ – 1376$ today.

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

Silver support at 16.98$, Resistance at 17.55$. Trend is positive.

Forex forecast

Eur/Usd trading at 1.2375, euro trading flat since yesterday as dollar index is almost in same range since yesterday. A good base on this major forex pair stands at 1.2340, 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 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 more firepower in euro upto 1.2460- 1.2500 today.

Euro trend is flat to positive for now.

Usd/Jpy trading at 107.45, Its trading flat to positive since yesterday and now trading near major hurdle of 107.60. Once this major forex break this hurdle and manage to sustain trade above our resistance. Then expect more power in usd/jpy upto 108- 108.50.

A good base on this major forex pair stands at 107.10, If traders tank this base and manage to sustain trade below our support. Then expect more pressure in usd/jpy upto 106.80- 106.50 today.

Usd/Jpy trend is flat to positive for now.

More will update to our signals subscribers.

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