Gold analysis
Comex gold price trading at 1326$ , its trading a bit higher from its friday’s closing . A good support on xauusd chart stands at 1318$ , if traders take this base out and manage to sustain trade below our support . Then expect some pressure in gold price upto 1308$ – 1300$ .
A good resistance on xauusd chart stands at 1333$ , if traders take this hurdle out and manage to sustain trade above our resistance , then expect good recovery upto 1340$ – 1348$ in gold price .
Comex gold analysis conclusion : Gold trend is positive for now .
Silver support 16.38$ , resistance 16.75$ . Trend is positive .
Forex analysis
Euro trading slightly weaker today at 1.2315 , a good base on this major 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 eurusd upto 1.2240 – 1.2200 .
A good hurdle on this forex pair stands at 1.2350 , if traders take this hurdle out and manage to sustain trade above our resistance , then expect good recovery in euro upto 1.2400 – 1.2440 .
Eurusd trend is flat to weak for now .
Usdjpy trading at 105.53 almost flat . A good base on this fx pair stands at 105.20 , if traders take this base out and manage to sustain trade below our support . Then expect good pressure in usdjpy upto 104.70 – 104.20 .
A good hurdle on this fx pair stands at 105.90 , if traders take this hurdle out and manage to sustain trade above our resistance , then expect good recovery upto 106.30 – 106.80 .
Usdjpy trend is flat to positive for now .
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