Gold analysis
Gold ( xauusd ) price trading at 1257$ . It opened a little lower and trading on lower side . A good support on daily chart stands at 1248$ . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1240$ – 1233$ today .
A good resistance on daily chart stands at 1266$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some power to buyers upto 1272$ – 1278$ .
Gold analysis conclusion : Major trend is flat for now . Avoid any major buy trade .
Silver analysis
Silver ( xagusd ) price trading at 16.23$ . Its trading flat since morning . A good base level on daily chart stands at 16$ . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure in this major commodity upto 15.80$ – 15.60$ .
A good hurdle on daily chart stands at 16.55$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some rise in this precious metal prices upto 16.80$ – 17$ today .
Silver analysis conclusion : Comex xagusd trend is flat for now .
More will update to our signals subscribers .