Gold forecast
Comex Gold ( xau/usd ) price trading at 1224$ . It crashed from 1236.50$ yesterday . Our signal target was 1237$ . A good support on daily technical chart stands at 1217$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in gold prices upto 1208$ – 1200$ today .
A good resistance on daily technical chart stands at 1233$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some breather for gold buyers upto 1240$ – 1247$ today .
Gold forecast conclusion : Comex xau/usd trend is weak for now .
Silver forecast
Comex Silver ( xag/usd ) price trading at 16.18$ . A good base level on daily 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 silver prices upto 15.70$ – 15.50$ today .
A good hurdle on daily chart stands at 16.42$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some breather to silver buyers upto 16.65$ – 16.90$ today .
Silver forecast conclusion : Comex xag/usd trend is weak for now .
Precious metals has tanked too much already . Avoid any major sell trade here .
Read our yesterday’s forecast here
More will update to our trading signals subscribers .
[…] Read our yesterday’s forecast and technical levels here […]