Gold signal
A good day for our gold signals subscribers. We asked our subscribers to buy this precious metal. We already stated in our today’s gold prediction that we are buyer. It fired and our subscribers exited at our target. Here is what we told to our subscribers.
Buy gold at 1301$ with stop loss of 1294$ for target of 1309$. Xauusd fired and it tested above 1309$. Our subscribers exited at target and fetched nearly 80 pips. We juiced around $800 profit per lot in this trade.
Currently prices trading at 1306$, As we mentioned in our today’s gold forecast we have a hurdle on chart at 1309$, Once market break this and sustain above our resistance. Then expect more firepower upto 1318$- 1327$.
Gold trend is still positive, Do not sell this precious metal.
Dollar Index fired due to very good data from US. Unemployment claims reduced, Retail sales rises. USD Index fired with full guns from 92.80 to 94 now.
A good resistance we mentioned today at 93.33 in our forecast. It fired above this with full guns. Currently USD Index cruising above 94 , A good resistance now stands at 94.35, If traders break and sustain above our resistance. Then expect good rise in USD Index upto 94.70- 95 today.
A good support now stands at 93.30, If traders break this support and manage to sustain below our base. Then expect dollar basket to test upto 93- 92.80 today.
USD Index trend is positive for now. Avoid major selling in all dollar pairs.
Due to rise in dollar euro crashed. Now support in euro at 1.1600, Below this expect more pressure in dollar to euro upto 1.1550- 1.1500 today.
Resistance in eurusd stands at 1.1705, If traders break and sustain above our resistance. Then expect rise in euro to dollar upto 1.1770- 1.1820.
Euro trend is weak for now. Avoid major buy in euro.
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