Gold forecast
Comex Gold ( xauusd ) price trading at 1237$ . Its trading pretty positive since yesterday and testing higher levels . A good support on daily technical chart stands at 1228$ . If traders take this base out and manage to sustain trade below our support today . Then expect some pressure in xauusd prices upto 1220$ – 1208$ today .
A good resistance on daily technical chart stands at 1245$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some higher levels today upto 1252$ – 1259$ .
Gold forecast conclusion : Comex xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price tested 16.24$ in morning and now retraced back at 16.12$ . A good hurdle on daily technical chart stands at 16.32$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect some higher levels today upto 16.54$ – 16.76$ .
A good base level on daily technical chart stands at 15.90$ . If traders take this base out and manage to sustain trade below our support today . Then expect some pressure in xagusd prices upto 15.70$ – 15.50$ today .
Silver forecast conclusion : Comex xagusd trend is flat to positive for now .
Read our yesterday’s forecast here
More will update to our trading signals subscribers .