Gold forecast
Comex Gold ( xauusd ) price trading at 1285$ . Yesterday it cracked till 1280$ and then bounced back immediately following weird statements from UK’s prime minister on Brexit . A good resistance on daily technical chart stands at 1292$ . If traders breaks this hurdle and manage to sustain trade above our resistance today . Then expect gold price to test upto 1299$ – 1307$ today .
A good support on daily technical chart stands at 1275$ . If traders breaks this major base and manage to sustain trade beneath our support today . Then expect gold price to test upto 1267$ – 1260$ today .
Gold forecast conclusion : Comex xauusd trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 18.22$ . A good base level on daily chart stands at 18$ . If traders take this support and manage to sustain trade beneath our support today . Then expect some pressure in prices upto 17.80$ – 17.60$ today .
A good hurdle on daily chart stands at 18.45$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to fire upto 18.69$ – 18.90$ 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 .