Gold price forecast
Comex gold price fired last night and tested above 1340$ , our subscribers enjoyed the run as we were in buy . Currently prices are flirting below 1340$ . A good support on xau/usd chart stands at 1330$ , If traders take this base out and manage to sustain trade below our support . Then expect gold price to test upto 1325$ – 1317$ today .
A good resistance on xau/usd chart stands at 1348$ , If traders take this hurdle out and manage to sustain trade above our resistance . Then expect gold price to test upto 1356$ – 1362$ .
Gold price forecast conclusion : Gold trend is flat to positive for now
Silver support 16.30$ , Resistance 16.75$ , Trend positive .
Forex forecast
Eur/Usd trading at 1.2310 slightly lower from its peak of 1.2345 . A good support on this forex chart 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 today .
A good resistance on this forex chart stands at 1.2350, If traders take this hurdle out and manage to sustain trade above our resistance . Then expect good firepower in euro upto 1.2380 – 1.2420 .
Euro trend is flat to positive for now .
Usd/Jpy trading at 106, It recovered smartly from 105.60 and now trading at highest point of the day . A good hurdle on this forex chart stands at 106.30, If traders take this hurdle out and manage to sustain trade above our resistance . Then expect good recovery in usd/jpy upto 106.70 – 107 today .
A good base on this major forex pair stands at 105.50, If traders take this base out and manage to sustain trade below our support . Then expect good pressure in usd/jpy upto 105.10 – 104.70 .
Usd/Jpy trend is flat to positive for now .
More will update to our signals subscribers .
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