Gold analysis
Comex gold price trading at 1328$ after making highs near 1333$ . Xauusd trading slightly positive after soft Unemployment claims data from US yesterday . A good support on xauusd chart stands at 1319$ , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in gold price upto 1308$ – 1300$ .
A good resistance on xauusd chart stands at 1338$ , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect gold price upto 1346$ – 1354$ .
Gold analysis conclusion : Comex gold price trend is flat to positive for now .
Comex silver support at 16.30$ , resistance at 16.75$ . Trend is flat to positive for now . Avoid major sell for now .
Forex analysis
Euro trading at 1.2306 after making lows near 1.2260 yesterday . A good base on this forex pair stands at 1.2250 , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in euro upto 1.2210 – 1.2170 .
A good hurdle on this forex pair stands at 1.2340 , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect more firepower in euro upto 1.2380 – 1.2420 .
Euro trend is flat to positive for now .
Usdjpy at 106.93 , it made low near 106.60 last night and now trying to recover . A good base on this fx pair stands at 106.50 , if traders take this base out and manage to sustain trade below our support . Then expect more pressure in usdjpy upto 106.10 – 105.50 .
A good hurdle on this fx pair stands at 107.20 , if traders take this hurdle out and manage to sustain trade above our resistance . Then expect more firepower in usdjpy upto 107.50 – 107.90 .
Usdjpy trend is flat to positive for now .
More will update to our signals subscribers .