Gold price forecast
Comex gold price trading slightly lower today at 1345$ , it opened higher and made high of 1351$ in early morning session but currently trading in negative zone . A good support on xau/usd chart stands at 1338$ , If traders take this base out and manage to sustain trade below our support . Then expect good pressure in gold prices upto 1330$ – 1325$ today .
A good resistance on xau/usd chart stands at 1352$ , If traders take this hurdle out and manage to sustain trade above our resistance . Then expect good firepower in gold price upto 1359$ – 1367$ .
Gold price forecast conclusion : Comex gold trend is flat to positive for now .
Forex forecast
Eur/Usd trading at 1.2367 slightly lower than its last friday closing . A good base on this major forex pair stands at 1.2330 , If traders take this base out and manage to sustain trade below our support . Then expect more pressure in euro upto 1.2300 – 1.2270 today .
A good hurdle on this major forex pair stands at 1.2407 , If traders take this hurdle out and manage to sustain trade above our resistance . Then expect good recovery in euro upto 1.2450 – 1.2499 today .
Euro trend is flat to positive for now .
Usd/Jpy trading at 105.04 , a good base on this major fx pair stands at 104.60 , if traders take this base out and manage to sustain trade below our support . Then expect good pressure in usd/jpy upto 104.20 – 103.70 today .
A good hurdle on this fx pair stands at 105.40 , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect more firepower in usd/jpy upto 105.80 – 106.20 .
Usd/jpy trend is flat to positive for now .
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