Gold analysis
Comex gold price trading at 1344$ last night fed did not hike or reduce interest rate which gave a little boost to precious metals . A good support on xauusd chart stands at 1334$ , if traders take this base out and manage to sustain trade below our support today . Then expect good pressure on gold price upto 1327$ – 1320$ .
A good resistance in xauusd stands at 1352$ , if traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect good firepower upto 1361$ – 1367$ .
Gold analysis conclusion : Comex gold trend is flat to positive for now .
Forex analysis
Eurusd currently trading at 1.2410 , a good base on this forex chart stands at 1.2370 , if traders take this base out and manage to sustain trade below our support today . Then expect good pressure in euro upto 1.2340 – 1.2300 .
A good hurdle on this major forex pair stands at 1.2450 , if traders break this major hurdle and manage to sustain trade above our resistance today , then expect good firepower in euro upto 1.2490 – 1.2530 .
Eurusd trend is flat to weak for now .
Usdjpy trading at 109.40 , a good base level on this forex pair stands at 109 , if traders take this base out and manage to sustain trade below our support today . Then expect good pressure again in yen upto 108.60 – 108.20 .
A good hurdle on this forex pair stands at 109.80 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in yen upto 110.20 – 110.60 .
Usdjpy trend is positive for now .
More will update to our signals subscribers .