Gold
Last Friday US labor department released non farm payroll numbers which came way better than expected and dollar index fired with full guns and gold price crashed from 1323$ to 1312$ now. Even manufacturing numbers was positive which put more pressure in precious metals and resulted in weak market.
Currently gold price trading at 1312.80$. Good support in this precious metal chart stands at 1307$. If traders break and sustain below 13107$. Then expect good pressure till 1300$- 1291$.
Good resistance in gold chart stands at 1326$. If traders break and sustain above 1326$. Then expect good rise in gold price till 1332$- 1338$.
Conclusion: Comex Gold price forecast is weak for now but I wont recommend any selling for now. Will advice buy in dips till our support is intact.
Silver
Silver price also came down heavily after US jobs data. Currently price trading at 15.82$. Good support in this precious metal chart stands at 15.50$. If market break and sustain below 15.50$. Then expect more pressure till 15.30$- 15.05$.
Resistance in silver chart stands at 16.05$. If market break and sustain above 16.05$. Then expect more rise in silver till 16.25$- 16.48$.
Conclusion: Comex Silver forecast is weak for now.
Crude oil
Nymex Crude oil price trading higher and above 55$. Good support in this major commodity stands at 54.30$. If market break and sustain below 54.30$. Then expect good pressure till 53.70$- 53$.
Resistance in crude oil chart stands at 55.80$. Once market break and sustain above 55.80$. Then expect good rise till 56.40$- 57$.
Conclusion: Nymex Crude oil forecast is positive for now.
Euro
Eur/Usd trading lower after major data last Friday. Currently trading at 1.1445. Good support in this forex pair stands at 1.1420. If market break and sustain below 1.1420. Then expect good pressure till 1.1360- 1.1320.
Resistance in euro chart stands at 1.1490. If market break and sustain above 1.1490. Then expect good rise till 1.1550- 1.1590.
Conclusion: Euro trend is flat to weak for now.
More will update to our signals subscribers.