Gold forecast
Comex Gold ( xau/usd ) price trading flat since yesterday . Today we have big event of Fed . So market is waiting for that big announcement with Non farm employment numbers . We always rate Non farm employment more than Fed decision because it gives a better look how economy is shaping up . Currently gold prices are flirting with 1255$ . A good support on daily technical chart stands at 1247$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure from gold sellers upto 1240$ – 1233$ today .
A good resistance on daily technical chart stands at 1262$ . If traders breaks this major base and manage to sustain trade above our resistance today . Then expect gold prices to fire upto 1271$ – 1279$ today .
Gold forecast conclusion : Comex xau/usd trend is flat for now .
Silver forecast
Comex Silver ( xag/usd ) price trading at 16.85$ . Its trading flat since yesterday . A good base level on daily technical chart stands at 16.70$ . If traders breaks this major base and continue trading below this level . Then expect more pressure on silver prices upto 16.52$ – 16.30$ today .
A good hurdle on daily technical chart stands at 17.05$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower to buyers upto 17.28$ – 17.54$ today .
Silver forecast conclusion : Comex silver trend is flat for now .
Read our yesterday’s forecast here
More will update to our trading signals subscribers .
[…] Read our yesterday’s forecast here […]