Gold forecast
Comex gold price trading flat today at 1322$ , it opened in same range and sustaining within 2-3$ range since morning . 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$ today .
A good resistance on xauusd chart stands at 1332$ , if traders take this hurdle out and manage to sustain trade above our resistance , then expect gold price to test upto 1339$ – 1347$ .
Gold forecast conclusion : Gold trend is flat to positive for now , follow key levels to trade .
Silver support 16.30$ , resistance 16.75$ . Trend is positive for now .
Forex analysis
Eurusd trading at 1.2318 , euro trading flat since morning without any major upside or downside . A good base on this forex pair stands at 1.2270 , if traders take this base out and manage to sustain trade below our support . Then expect good pressure in euro upto 1.2230 – 1.2200 .
A good hurdle on this forex pair stands at 1.2350 , if traders take this base out and manage to sustain trade below our support . Then expect good firepower in euro upto 1.2380 – 1.2420 .
Euro trend is flat to positive for now .
Usdjpy trading at 106.72 , a good base on this major fx pair stands at 106.40 . If traders take this base out and manage to sustain trade below our support . Then expect good pressure in usd/jpy upto 106 – 105.40 .
A good hurdle on this major fx pair stands at 107.10 , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect good firepower in usd/jpy upto 107.50 – 107.90 .
Usdjpy trend is flat to weak for now .
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