Gold forecast
Comex Gold ( xauusd ) price trading at 1208$ . Its trading lower from its last week’s closing and continuing making new low . A good support on daily technical chart stands at 1200$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1192$ – 1184$ today .
A good resistance on daily technical chart stands at 1218$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some recovery in xauusd prices upto 1226$ – 1233$ today .
Gold forecast conclusion : Comex xauusd trend is weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 15.37$ . It also opened weaker and trading lower today . A good base level on daily technical chart stands at 15.20$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 15$ – 14.70$ today .
A good hurdle on daily technical chart stands at 15.60$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some recovery in xagusd prices upto 15.80$ – 16$ today .
Silver forecast conclusion : Comex xagusd trend is weak for now .
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