Gold analysis
Comex gold ( xauusd ) price trading at 1314$ , it tested 1321$ in early morning and our subscribers enjoyed this run as our buy signal initiated at 1311$ yesterday ( more on this in next post ) . A good resistance on daily chart stands at 1326$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in gold price upto 1334$ – 1340$ today .
A good support on daily chart stands at 1305$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure in gold price upto 1298$ – 1290$ .
Gold analysis conclusion : Comex xauusd trend is positive for now .
Forex analysis
Eur/Usd trading at 1.2055 , it tested 1.2070 in early trading session today . A good base level on daily fx chart stands at 1.2020 , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this forex pair upto 1.1980 – 1.1940 today .
A good resistance on daily fx chart stands at 1.2080 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in this major forex pair upto 1.2120 – 1.2160 .
Eur/Usd trend is flat to positive for now .
Usd/Jpy trading at 112.24 , last night it tested 112.05 and then bounced back . A good base level on daily fx chart stands at 111.90 , if traders take this base out and manage to sustain trade below our support today . Then expect this major forex pair to test upto 111.50 – 111.20 .
A good hurdle on daily fx chart stands at 112.60 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower upto 112.99 – 113.30 today .
Usd/Jpy trend is flat to weak for now .
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