Gold forecast
Comex Gold ( xauusd ) price trading at 1264$ . Yesterday it crashed and we booked handsome profit at 1264$ itself . A good base level on daily chart stands at 1255$ . If traders breaks this major base and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1249$ – 1242$ today .
A good resistance on daily chart stands at 1272$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1280$ – 1288$ today .
Gold forecast conclusion : Comex xauusd trend is flat to weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.55$ . We booked profit at 17.55$ last night as we initiated our sell at 17.75$ . A good base level on daily chart stands at 17.30$ . If traders take this support out and manage to sustain trade beneath our support today . Then expect silver prices to test upto 17.05$ – 16.80$ today .
A good hurdle on daily chart stands at 17.80$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 18$ – 18.22$ today .
Silver forecast conclusion : Comex xagusd trend is flat to weak for now .
Read our yesterday’s forecast here
More will update to our trading signals subscribers