Gold price forecast April 24, 2018

By | April 24, 2018

Gold forecast

Comex gold price trading at 1327$ slightly higher after a low of 1322$ made last night. Xau/Usd crashed nearly 17-19$ yesterday as dollar index tested new highs and still trading near high only. A good support on xau/usd chart stands at 1318$, If traders tank this base and manage to sustain trade below our support. Then expect more pressure in gold price upto 1308$- 1300$.

A good resistance on xau/usd chart stands at 1338$, If traders break this major hurdle and manage to sustain trade above our resistance. Then expect some recovery in gold price upto 1347$ – 1355$ today.

Gold price forecast conclusion: Comex gold trend is flat to weak for now.

Forex forecast

Eur/Usd trading at 1.2214, Euro trying to recover after a low near 1.2190. Main weakness in euro is by dollar strength. A good base on this major forex pair stands at 1.2170, If traders tank this base and manage to sustain trade below our support. Then expect more pressure in euro upto 1.2140- 1.2100 today.

A good resistance on this major forex pair stands at 1.2250, If traders break this major hurdle and manage to sustain trade above our resistance. Then expect some recovery in euro upto 1.2290- 1.2320.

Euro trend is flat to weak for now.

Usd/Jpy trading pretty higher today at 108.81, Dollar index giving major strength to this forex pair. A good base on this major forex pair stands at 108.50, If traders take this base out and manage to sustain trade below our support. Then expect more pressure in usd/jpy upto 108.20- 107.70.

A good hurdle on this major forex pair stands at 109.10, If traders break this major hurdle out and manage to sustain trade above our resistance. Then expect more firepower in usd/jpy upto 109.40- 109.70.

Usd/Jpy trend is flat to positive for now.

More will update to our signals subscribers.

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