Gold
Gold price trading higher after it tested almost 1238$ and fall back till 1230$. We enjoyed this bull run as our buy was running from 1227$ and we booked target at 1234$. Bad Dow jones index fueled gold gains as DJIA Index broke 25000 and tested near 24750. Investors choosing gold over dollar now days which resulted in handsome gains despite moderate dollar index.
US and Saudi tensions over Khashoggi murder also rising. American politicians are criticizing Trump over his soft stand on Saudi. Saudi already cleared they wont hold off if there is any sanctions on them.
Currently gold is cruising over 1233$. Good resistance on chart stands at 1240$. If market break and sustain above our resistance. Then expect good rise in xauusd till 1248$- 1256$ today.
Good support in gold price stands at 1226$. If traders break this base and manage to sustain below our support. Then expect good pressure till 1220$- 1209$ today.
Silver
Silver price finally took off and tested 14.80$. Our subscribers enjoyed this as well. Our buy initiated at 14.57 for 14.78. Currently xagusd trading at 14.79$. Good support in silver stands at 14.54$. If market break and sustain below this level. Then expect good pressure till 14.33$- 14.05$.
Resistance in silver price stands at 15.05$. If market break and sustain above our resistance.Then expect good rise in xagusd till 15.30$- 15.55$.
Crude oil
Nymex crude oil crashed nearly 4% yesterday as sellers took charge. Currently oil prices are trading at 66.55$. Good support stands in oil price at 66$. If traders break and sustain below this level. Then expect good pressure till 65.20$- 64.50$.
Resistance in crude oil price stands at 67.20$. If market break and sustain above our resistance. Then expect good rise till 67.90$- 68.50$.
Euro
Euro trading at 1.1466. Eurusd trading slight flat since yesterday. Good support in euro stands at 1.1430. If market break and sustain below this level. Then expect good pressure till 1.1390- 1.1350.
Resistance in euro stands at 1.1505. If traders test this and manage to hold beyond this point. Then expect good rise till 1.1550- 1.1599.
Conclusion
Comex Gold, Silver trend is positive for now. Crude oil is flat to positive. Euro trend is flat for now.
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