Gold
Spot gold price crashed yesterday and our subscribers enjoyed this crash. We gave sell at 1200.60$ and enjoyed till 1193$ fetching more than $700 profit in our gold signal. I even gave signal in our live chat room. You may also join it for free. Just click here
Currently spot gold trading at 1192.40$ and Comex futures trading at 1197.80$
- Gold crashed as dollar index advanced.
- According to bloomberg, Investors have deep concern about falling emerging currencies such as Indian Rupee and shifting their money into stronger dollar.
- Investors are still not choosing precious metals as safe haven asset due to falling prices.
- US and China trade war intensified, US is ready to impose another tariff on chinese goods from next week.
- Due to dollar advanced now emerging markets started falling. They have been darling of investor’s money since 2008 and now money shifting from emerging markets to dollar which is putting pressure in gold prices.
Technical gold chart has a good support at 1184$, If traders brek and sustain below our support. Then expect good pressure in xauusd till 1175$- 1166$.
Resistance in gold price stands at 1202$, If traders break and sustain above our resistance. Then expect good rise in xauusd till 1209$- 1217$.
Silver
Spot silver price crashed yesterday testing just below 14$. Xagusd were in extreme pressure and crashed more than Xauusd. Currently spot silver trading at 14.12$, Comex futures trading at 14.15$.
Silver chart suggests a good support now at 13.90$, If market break and sustain below this level. Then expect pressure in xagusd price till 13.70$- 13.50$.
Resistance in silver price stands at 14.30$, If traders break and sustain above our resistance. Then expect good rise till 14.50$- 14.70$.
Crude oil
Nymex Crude oil crashed badly after a good bull run. Price broke 70$ and sustained pretty well since then. Currently oil price is 69.10$. A good base on this major commodity stands at 68.50$, If market break and sustain below this level. Then expect good pressure till 67.80$- 67$.
Resistance in crude oil price stands at 70.20$, If traders break and sustain above our resistance. Then expect good rise till 70.80$- 71.60$.
Euro
Euro crashed yesterday as our euro sell signal initiated at 1.1605. I gave this sell fore signal free in our chat room. Currently eur/usd trading at 1.1588. A good support in euro chart stands at 1.1550. If traders brek and sustain below this level. Then expect good pressure till 1.1510- 1.1470.
Resistance in euro chart stands at 1.1620, If traders break and sustain above our resistance. Then expect good rise till 1.1660- 1.1699.
Conclusion
Comex Gold, Silver trend is weak avoid major buying for now. Crude oil trend is also weak. Euro looking to settle and may show some positive moves.
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