Gold analysis
Comex gold price trading at 1333$ its trading in small range since yesterday . Today we have core durable orders from US so keep an eye on this data . A good support on xauusd chart stands at 1325$ , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in gold price upto 1317$ – 1308$ .
A good resistance on xauusd chart stands at 1344$ , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect more firepower in gold price upto 1352$ – 1360$ .
Gold analysis conclusion : Comex gold trend is flat to positive for now .
Forex analysis
Euro trading at 1.2325 , euro took a hit last night and tested 1.2288 and then bounced back pretty smartly . A good base on this forex pair stands at 1.2270 , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in euro upto 1.2240 – 1.2200 .
A good hurdle on this forex pair stands at 1.2360 , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect more firepower in euro upto 12400 – 1.2440 .
Euro trend is positive for now .
Usdjpy trading at 106.85 , last night it tested above 107 but it could not survive on higher levels . A good base on this fx pair stands at 106.50 , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in usdjpy upto 106.10 – 105.50 .
A good hurdle on this fx pair stands at 107.20 , if traders snick this hurdle out and manage to sustain trade above our resistance . Then expect good recovery in yen upto 107.60 – 108 .
Usdjpy trend is flat to weak for now .
More will update to our signals subscribers .