Gold forecast
Comex Gold ( xauusd ) price trading at 1225$ . It trading flat since yesterday it was 04th july and US was celebrating its independence day . A good support on daily technical chart stands at 1217$ . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1208$ – 1200$ today .
A good resistance on daily technical chart stands at 1232$ . If traders take this hurdle out and manage to sustain trade above our resistance . Then expect more recovery in prices upto 1240$ – 1248$ today .
Gold forecast conclusion : Comex xauusd trend is flat to positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.15$ . A good base level on daily technical chart stands at 15.90$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 15.70$ – 15.50$ today .
A good hurdle on daily technical chart stands at 16.32$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in xagusd prices upto 16.54$ – 16.76$ 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
[…] You may read our yesterday’s forecast here […]