Gold forecast
Comex gold price trading flat at 1325$ , xauusd trading in a small range since yesterday . 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 good pressure in gold price upto 1308$ – 1300$ today .
A good resistance on xauusd chart stands at 1334$ , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect good firepower in gold price upto 1340$ – 1348$ .
Gold forecast conclusion : Gold trend is flat to positive for now . Follow key levels to take fresh trade .
Forex analysis
Eurusd trading flat at 1.2370 , Euro trading in a narrow range since yesterday . A good base on this forex pair stands at 1.2340 . If traders take this base out and manage to sustain trade below our support . Then expect good pressure in euro upto 1.2300 – 1.2270 .
A good hurdle on this forex chart stands at 1.2405 , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect good firepower in euro upto 1.2440 – 1.2480 .
Euro trend is flat to positive for now .
Usdjpy trading pretty weak at 106 , It crashed from 106.60 yesterday and our sell signal initiated on same level and we booked our target at 106.30 yesterday . A good base on this major fx level stands at 105.70 . If traders take this base out and manage to sustain trade below our support . Then expect good pressure in usdjpy upto 105.40 – 105.05 .
A good hurdle on this major fx pair stands at 106.40 , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect good recovery in usdjpy upto 106.80 – 107.20 .
Usdjpy trend is flat to weak for now .
Follow us on twitter for live updates
More will update to our signals subscribers .