Gold price forecast
Comex gold price trading at 1329$ , it opened a little higher today from its friday’s closing . A good support on xauusd chart stands at 1322$ , If traders take this base out and manage to sustain trade below our support . Then expect good pressure in gold price upto 1315$ – 1307$ today .
A good resistance on xauusd chart stands at 1336$ , If traders take this hurdle out and manage to sustain trade above our resistance . Then expect good firepower in gold price upto 1342$ – 1348$ today .
Gold price forecast conclusion : Comex gold price trend is flat to positive for now .
Silver support at 16.20$ , resistance 16.55$ . Trend flat to positive .
Forex forecast
Eur/Usd trading at 1.2317 , Currently euro trading flat as Europe and UK are close today . A good base on this major forex pair stands at 1.2280 , If traders take this base out and manage to sustain trade below our support . Then expect good pressure in euro upto 1.2240 – 1.2200 today .
A good resistance on forex chart stands at 1.2350 , If traders take this hurdle out and manage to sustain trade above our resistance . Then expect good recovery in euro upto 1.2390 – 1.2430 .
Euro trend is flat to positive for now .
Usd/Jpy trading at 106.30 almost flat since morning . A good base on this major forex pair stands at 105.98 , If traders take this base out and manage to sustain trade below our support . Then expect more pressure in usdjpy upto 105.60 – 105.30 today .
A good hurdle on this major forex pair stands at 106.70 , If traders take this hurdle out and manage to sustain trade above our resistance . Then expect good recovery in usdjpy upto 107.10 – 107.50 .
Usdjpy trend is flat to positive for now .
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