Gold forecast today
Comex gold price trading at 1292$, It made beautiful high as we suggested in our yesterday’s forecast that our resistance is at 1296$. It did exactly the same and now trying to cross our hurdle. We will revise our levels today as dollar index made low around 92.80 which we mentioned in our yesterday’s analysis as well. Both our levels worked perfectly and now here are today’s levels for gold.
Gold chart suggests a good support at 1287$, If traders take this support out and manage to sustain trade below our support. Then expect more pressure in gold price upto 1281$- 1275$ today.
A good hurdle on gold chart stands at 1302$, If traders break this hurdle and manage to sustain trade above our resistance. Then expect a small reversal and good buy in gold upto 1309$- 1317$ today.
Gold forecast today conclusion: Gold trend is positive for now. Avoid any major selling. We will be buying in dips. No selling strategy for now.
Bitcoin ( BTC/USD) trading almost at lowest level of the day at 7972$, Its consolidating since yesterday as it peaked near 8500$. A good support on Bitcoin chart stands at 7750$, If traders break this support and manage to sustain trade below our support. Then expect more pressure in bitcoin price upto 7610$ – 7500$ today.
A good hurdle on bitcoin chart stands at 8210$, If traders break this hurdle and manage to sustain trade above our resistance. Then expect good firepower in Bitcoin price upto 8350$ – 8490$ today.
Bitcoin trading outlook conclusion: Bitcoin price trend is weak for now, so should we buy now? Not at all. wait for more dips to take a small buy near our support and then only you may take small buy for 80-100$ target.
Crude oil forecast
Crude oil prices are cooling off after it made high near 73$. Currently prices are cruising at 72.15$ ( We use Ig Index US crude oil price for levels). A good support on oil chart stands at 71.50$, If traders take this support out and manage to sustain trade below our support. Then expect some profit booking in crude oil upto 70.40$- 69.20$.
A good hurdle on crude oil chart stands at 73.20$, If traders take this hurdle out and manage to sustain trade above our resistance. Then expect more fire in oil prices upto 74.20$- 75$.
Crude oil forecast conclusion: Oil trend is positive for now.
Silver, Dow, Euro analysis posted here too.
More will update to our signals subscribers.