Gold
Gold rising on bad equity markets. Dow Jones index crashed more than 500 points last night and closed near weakest point of the day. We enjoyed this crash as our dow jones subscribers more than 240 points profit last night. We made nearly $2400 profit per lot in dow jones alone last night.
Investors shifting their stance from equity to gold now. Gold is acting like safe haven again. Investors are still choosing dollar but they have opted for gold as well.
Currently gold prices trading at 1238.50$ which is near our signal target. Resistance in gold stands at 1245$. If traders break and sustain beyond this point. Then expect good rise in xauusd till 1252$- 1259$.
Support in gold stands at 1230$. If traders manage to break and sustain below this point. Then expect good pressure in xauusd till 1222$- 1217$.
Silver
Silver price trading flat since yesterday. Xagusd trading in very narrow range since yesterday. Currently trading at 14.77$. Resistance on chart stands at 15.05$. If market break and sustain above our resistance. Then expect good rise in this precious metal till 15.28$- 15.50$.
Silver support stands at 14.54$. This major base is very strong and should not break if silver wants to test higher levels. Once market break and sustain below this level. Then expect good pressure till 14.32$- 14.05$.
Crude oil
Nymex Crude oil is in very volatile zone since yesterday. Currently trading at lower price at 66.40$. Good support in oil prices stands at 65.70$. If traders break and sustain beyond this point. Then expect good pressure till 65$- 64.30$.
Resistance in crude oil stands at 67.30$. If traders break and sustain above our resistance. Then expect good rise in this major commodity till 68.50$.
Euro
Bad Germany data sent euro in shock and it crashed more than 100 pips from high within hours. Last night it tested more lows despite weak dollar index. Currently euro trading at 1.1414. Good resistance in euro chart stands at 1.1450. If traders break and sustain above our resistance. Then expect good rise till 1.1490- 1.1530.
Good support in euro chart stands at 1.1380. If traders break and sustain below this level. Then expect good pressure till 1.1340- 1.1300
Conclusion
Comex Gold, Silver trend is positive for now. Crude oil is flat to positive for now. Euro is positive.
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