Gold
Spot gold price remained under pressure since Friday. Xauusd tested new lows today as market remain in selling mode. Dollar Index advancing and dollar is in under pressure due to higher dow jones and dollar index.
Currently gold price trading at 1284$. Good support in this precious metal stands at 1278$. Once traders break and sustain below this base. Then expect good pressure till 1270$- 1262$.
Good resistance in gold chart stands at 1292$. Once market break and sustain above 1292$. Then expect good buying till 1298$- 1306$ soon.
Conclusion: Comex gold price forecast is flat to weak for now.
Silver
Silver price finally took a dive and tested near 15.50$. Xagusd made low of 15.52$. Our sell signal target was 15.54$. Our subscribers enjoyed more than 100 pips profit in this signal. Currently silver price trading at 15.55$. Good support in this precious metal chart stands at 15.30$. Once traders break and sustain below 15.30$. Then expect good pressure till 15.05$- 14.80$.
Resistance in silver chart stands at 15.75$. Once traders break and sustain above 15.75$. Then expect good rise till 15.99$- 16.20$.
Conclusion: Comex Silver price forecast is flat to weak for now.
Crude oil
Nymex Crude oil fired yesterday and tested 49.70$. Our buy signal target was 49.60$. Our subscribers enjoyed nearly 70 pips profit. I even gave free signal in our chat room. Currently crude oil price trading at 48.50$. Good support in this major commodity stands at 47.80$. Once traders break and sustain below 47.80$. Then expect good pressure till 47.20$- 46.50$.
Resistance in crude oil price stands at 49.20$. Once market break and sustain above 49.20$. Then expect good rise till 49.70$- 50.30$.
Conclusion: Nymex Crude oil forecast is weak for now.
Euro
Euro trading lower today at 1.1450. Due to advancing dollar index its going down. Currently eurusd trading at 1.1450. Good support in eurusd chart stands at 1.1420. Once market break and sustain below 1.1420. Then expect more pressure till 1.1380- 1.1350.
Resistance in euro chart stands at 1.1480. Once market break and sustain above 1.1480. Then expect good rise till 1.1520- 1.1550.
Conclusion: Euro trend is flat to weak for now.