Gold analysis
Comex gold price tested 1324$ and then bounced back from key level of 1325$ . Currently xauusd trading at 1332$ . A good support on daily xauusd chart stands at 1324$ , if traders take this base out and manage to sustain trade below our support today . Then expect good pressure in gold price upto 1317$ – 1308$ .
A good resistance in xauusd chart stands at 1341$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in gold price upto 1348$ – 1356$ .
Gold analysis conclusion : Comex gold trend is flat to positive for now .
Comex silver hurdle at 17.15$ , support at 16.88$ . Trend is flat to positive for now .
Forex analysis
Eurusd trading at 1.2262 , this forex pair recovered 90 pips from its lowest point since yesterday . A good base level on this forex chart stands at 1.2200 , if traders take this base out and manage to sustain trade below our key support . Then expect good pressure in eurusd upto 1.2160 – 1.2110 today .
A good hurdle on this forex chart stands at 1.2310 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in eurusd upto 1.2350 – 1.2390 .
Eurusd trend is flat to positive for now .
Usdjpy trading at 110.84 , it tested 111.40 yesterday and then started its crash . A good base level on this major forex pair stands at 110.30 , if traders take this base out and manage to sustain trade below our support today . Then expect good pressure in usdjpy upto 110 – 109.60 .
A good hurdle on this forex pair stands at 111.20 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good recovery upto 111.60 – 112 today .
Usdjpy trend is weak for now .
More will update to our signals subscribers .