Gold price forecast
Comex gold price higher trading at 1354$ , It fired from 1344$ to 1355$ last night and we enjoyed as our subscribers were in buy as instructed yesterday . A good support on xau/usd chart stands at 1347$ , if traders tank this base and manage to sustain trade below our support . Then expect gold price upto 1340$ – 1332$ today
A good resistance on xau/usd chart stands at 1363$ , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect good firepower in gold price upto 1370$ – 1377$ .
Gold price forecast conclusion : Comex gold trend is positive for now .
Forex forecast
Eur/Usd trading at 1.2450 pretty higher since yesterday . Euro is enjoying dollar weakness and trading in positive zone . A good base on this forex pair stands at 1.2390 , If traders tank this base and manage to sustain trade below our support . Then expect good pressure in euro upto 1.2350 – 1.2304 today .
A good hurdle on this forex pair stands at 1.2505, If traders take this hurdle out and manage to sustain trade above our resistance . Then expect good firepower in eur/usd upto 1.2550 – 1.2600 .
Eur/Usd trend is positive for now .
Usd/Jpy trading at 105.60 , despite dollar index weakness yen traded in positive zone . A good base on this forex pair stands at 105.20, If traders take this base out and manage to sustain trade below our support . Then expect good pressure in usd/jpy upto 104.80 – 104.30 .
A good hurdle on this forex pair stands at 106.05, If traders break this hurdle and manage to sustain trade above our resistance . Then expect good firepower in usd/jpy upto 106.40 – 106.80 today .
Usd/Jpy trend is positive for now .
More will update to our signals subscribers .