Gold trend
Comex Gold ( Xauusd ) prices trading at 1135$ . Its trading in a small range since yesterday . Christmas trend seems to have caught up in market as volumes have dropped and so the movement . A good support on daily chart stands at 1128$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1119$ – 1108$ today .
A good resistance on daily chart stands at 1143$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold price to test upto 1150$ – 1155$ today .
Gold trend conclusion : Comex xauusd trend is flat to weak for now .
Silver trend
Comex Silver ( xagusd ) price trading at 15.82$ . It crashed since yesterday and its making lows . A good base level on daily chart stands at 15.70$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect comex silver prices to test upto 15.52$ – 15.30$ today .
A good support on daily chart stands at 16.12$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver price to test upto 16.35$ – 16.56$ today .
Silver trend conclusion : Comex Xagusd trend is weak for now .
More will update to our trading signal subscribers .