Gold analysis
Comex gold price trading at 1347$ last night it fired from 1337$ to test 1350$ , currently xauusd trading flat . A good support on xauusd chart stands at 1340$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure in gold price upto 1332$ – 1327$ .
A good resistance on xauusd chart stands at 1354$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in gold price upto 1361$ – 1368$ .
Gold analysis conclusion : Comex xauusd trend is flat to positive for now .
Silver support stands at 16.95$ , resistance at 17.35$ . Trend is weak .
Forex analysis
Eurusd trading at 1.2492 , this forex pair trading flat as market is waiting for major data in evening . A good base level on this forex pair stands at 1.2440 , if traders take this base out and manage to sustain trade below our support today . Then expect good pressure in euro upto 1.2400 – 1.2360 .
A good hurdle on this forex pair stands at 1.2520 , if traders break this hurdle and manage to sustain trade above our resistance today , then expect good firepower upto 1.2560 – 1.2600 .
Eurusd trend is flat to weak for now .
Usdjpy trading at 109.78 , yen trading higher today after making lows near 109.20 yesterday . A good hurdle on this forex pair stands at 110.20 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in yen upto 110.60 – 111 .
A good base on this forex pair stands at 109.30 , if traders take this base out and manage to sustain trade below our support today . Then expect good pressure in yen upto 109 – 108.60 .
Usdjpy trend is flat to positive for now
Today we have one of the most important data of Non farm employment change with Unemployment rate from US . Keep an eye on both data as it may reverse the trend or can give wild moves .
More will update to our trading signals subscribers .