Gold
Brexit concerns are pushing dollar index higher which kept gold prices in check since yesterday. Brexit has become a disastrous decision by UK and they are trying to avoid major damage. Everyday there is a new statement from UK regarding Brexit and this is effecting British pound. GBP is in great pressure and falling badly since yesterday. This gave a great push to dollar index and gold prices remained under pressure.
Currently gold price trading at 1247$. Good resistance in comex xauusd stands at 1253$. If market break and sustain above 1253$. Then expect good rise in xauusd till 1260$- 1266$.
Good support in gold price stands at 1238$. If traders break and sustain below 1238$. Then expect good pressure till 1231$- 1225$.
Silver
Comex Silver price trading little higher since last night. Xagusd trading near 14.60$ and sustaining pretty well on higher levels. Good support in spot silver price stands at 14.30$. If market break and sustain below 14.30$. Then expect good pressure till 14.05$- 13.80$.
Resistance in spot silver stands at 14.75$. If traders break and sustain above 14.75$. Then expect good rise till 14.99$- 15.20$.
Crude oil
Nymex crude oil crashing almost everyday now. Currently trading at 51.20$. Good support in this major commodity stands at 50.50$. If traders break and sustain below 50.50$. Then expect good pressure till 49.80$- 49$.
Resistance in crude oil stands at 51.80$. If market break and sustain above 51.80$. Then expect good rise till 52.40$- 53$.
Eurusd
Eurusd crashed yesterday and we enjoyed as our selling signal met target. Currently eurusd trading at 1.1365. Good support in this forex pair stands at 1.1320. If traders break and sustain below 1.1320. Then expect good pressure in eurusd till 1.1280- 1.1250.
Resistance in eurusd chart stands at 1.1405. If market break and sustain above our resistance. Then expect good rise in euro till 1.1440- 1.1480.
Conclusion
Comex Gold, Silver forecast is flat to weak for now. Wait market to cross the resistance before initiating any buy. Buy in dips would be good strategy. Crude oil is flat to positive. Euro is flat to weak for now.
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