Gold analysis
Comex gold ( xauusd ) price trading at 1310$ , Xauusd price trading in little pressure since yesterday . A good support on daily technical chart stands at 1300$ , if traders take this base out and manage to sustain trade below our support . Then expect more pressure on this precious metal price upto 1292$ – 1284$ today .
A good resistance on daily technical chart stands at 1321$ , if traders take this hurdle out and manage to sustain trade above our resistance today , then expect good firepower in gold price upto 1328$ – 1336$ .
Gold analysis conclusion : Comex xauusd trend is flat to weak for now .
Forex analysis
Eur/Usd trading at 1.2018 , it cracked from 1.2080 yesterday and now trading near major support of 1.1990 , a good base level on fx chart stands at 1.1950 , once traders take this base out and manage to sustain trade below our support today . Then expect more pressure in this forex pair upto 1.1910 – 1.1850 .
A good hurdle on daily fx chart stands at 1.2055 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in this forex pair upto 1.2099 – 1.2133 .
Eur/Usd trend is flat to positive for now .
Usd/Jpy trading at 112.57 , It tested 112.78 yesterday . A good base level on daily fx chart stands at 112.30 , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure in this forex pair upto 112 – 111.70 .
A good hurdle on daily fx chart stands at 112.82 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower upto 113.12 – 113.45 .
Usd/Jpy trend is flat to positive for now .
We have ADP Non farm employment change and Unemployment claims data from US today . Keep an eye on both events .
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