Gold forecast
Comex gold price tanked last night till 1317$ and then recovered smartly in morning . Currently flirting with 1325$ . A good support on xauusd chart stands at 1317$ , if traders take this base out and manage to sustain trade below our support . Then expect more 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 some recovery in gold price upto 1340$ – 1348$ .
Gold forecast conclusion : Comex gold trend is flat to positive for now .
Silver support at 16.25$ , resistance at 16.55$ . Trend is flat to weak for now .
Forex analysis
Eurusd trading at 1.2352 slightly higher than its last night crack . A good hurdle on this major forex pair stands at 1.2380 , if traders break this hurdle and manage to sustain trade above our resistance . Then expect more firepower in euro upto 1.2420 – 1.2460 .
A good base on this major forex pair stands at 1.2320 , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in euro upto 1.2280 – 1.2240 .
Euro trend is flat to positive for now .
Usdjpy trading higher today at 106.20 , A good base level on this major fx pair stands at 105.80 , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in usdjpy upto 105.50 – 105.30 .
A good hurdle on this major fx pair stands at 106.60 , if traders take this hurdle out and manage to sustain trade above our resistance , then expect good firepower in usdjpy upto 107 – 107.50 .
Usdjpy trend is flat to positive for now .
More will update to our signals subscribers .
[…] Read our today’s forecast here […]