Gold forecast
Comex Gold ( xauusd ) price trading at 1288$ . Yesterday it tested 1284$ . Currently its trading a bit higher . A good support on daily technical chart stands at 1278$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1270$ – 1262$ today .
A good resistance in daily technical chart stands at 1296$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower in xauusd prices upto 1302$ – 1309$ today .
Gold forecast conclusion : Comex xauusd trend is flat to weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.64$ . Yesterday it crashed and tested 17.50$ but could not break 17.50$ and bounced back from there . A good base level on daily technical chart stands at 17.45$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 17.20$ – 17$ today .
A good hurdle on daily technical chart stands at 17.85$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some breather to xagusd prices upto 18.05$ – 18.28$ today .
Silver forecast conclusion : Comex xagusd trend is flat to weak for now .
We have ECB decision on interest rate today . Keep an eye on that .
Read our yesterday’s forecast and levels here
More will update to our trading signals subscribers .
[…] Read our yesterday’s forecast here […]