Gold
US stock market gaining momentum since it opened this Monday. Last night it tested above 25400 and this resulted in dollar strength. Strong dollar index drag gold prices and it tested 1309$ range yesterday.
Currently gold price trading at 1313.50$. Good support in this precious metal stands at 1308$. Once market break and sustain below 1308$. Then expect gold price to crash till 1300$- 1291$.
Resistance in gold price stands at 1326$. Once traders break and sustain above 1333$. Then expect good buying in gold till 1333$- 1340$.
Conclusion: Comex Gold forecast is flat to positive for now.
Silver
Silver price could not cross 16$ and cracked from highs. Currently silver trading at 15.80$. Good support in this precious metal stands at 15.50$. Once traders break and sustain below 15.50$. Then expect good pressure till 15.20$- 15$.
Resistance in silver chart stands at 16.05$. Once market break and sustain above 16.05$. Then expect good rise in silver till 16.28$- 16.50$.
Conclusion: Silver forecast is positive for now. Avoid major selling on these levels and look to buy in dips.
Crude oil
Crude oil price trading at 53.85$. Nymex Crude oil is trading in a small range since Monday. Good support in crude oil price stands at 53.20$. Once market break and sustain below 53.20$. Then expect good pressure till 52.50$- 52$.
Resistance in crude oil chart stands at 54.30$. Once market break and sustain above 54.30$. Then expect good rise till 55$- 55.60$.
Conclusion: Nymex Crude oil forecast is flat to positive for now.
Euro
Euro trading lower as dollar index is advancing since yesterday. Currently eurusd trading below 1.1400. Good support in this forex pair stands at 1.1350. Once market break and sustain below 1.1350. Then expect good pressure till 1.1320- 1.1270.
Resistance in eurusd chart stands at 1.1435. Once market break and sustain above 1.1435. Then expect good rise till 1.1470- 1.1500.
Conclusion: Eurusd forecast if weak for now.
More will update to our signals subscribers.