Gold price forecast April 20, 2018

By | April 20, 2018

Gold price forecast

Comex gold price trading weaker as dollar index is trading higher since last night. Currently prices are struggling at 1342$, A good support on xau/usd chart stands at 1335$, If traders break this major base and manage to sustain trade below our support. Then expect more pressure in gold price upto 1330$ – 1325$ today.

A good resistance on xau/usd chart stands at 1352$, If traders break this major hurdle and manage to sustain trade above our resistance. Then expect more firepower in gold price upto 1361$ – 1370$$.

Gold price forecast conclusion: Gold trend is flat to weak for now, above our resistance market may turn positive and trend may reverse from negative to positive.

Forex forecast

Eur/Usd trading lower at 1.2342, it crashed from 1.2400 last night as dollar index started recovering from last night and currently trading almost at highest level of the day. A good base on this major forex pair stands at 1.2300, If traders break this major base and manage to sustain trade below our support. Then expect more pressure in euro upto 1.2250- 1.2200 today.

A good hurdle on this major forex pair stands at 1.2440, If traders take this hurdle out and manage to sustain trade above our resistance. Then expect more firepower in euro upto 1.2480- 1.2520.

Euro trend is weak for now.

Usd/Jpy trading at 107.65, Its trading higher since yesterday due to dollar rise. A good base on this major forex pair stands at 107.20, If traders take this base out and manage to sustain trade below our support. Then expect more pressure in usd/jpy upto 106.70- 106.30 today.

A good hurdle on this major forex pair stands at 108.05, If traders break this major hurdle and manage to sustain trade above our resistance. Then expect more firepower in usd/jpy upto 108.50- 108.90.

Usd/Jpy trend is positive for now.

More will update to our signals subscribers.

Leave a Reply