Gold forecast
Comex Gold ( xauusd ) price trading at 1254$ . Its trading flat since morning without any major breakout . A good base level on daily technical chart stands at 1247$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1240$ – 1232$ today .
A good resistance on daily technical chart stands at 1261$ . If traders break this major hurdle and manage stays above our resistance , then expect some recovery in prices upto 1268$ – 1273$ today .
Gold forecast conclusion : Comex xauusd trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.70$ . Its trading slightly positive since morning . A good base level on daily technical chart stands at 16.50$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 16.30$ – 16.05$ today .
A good hurdle on daily technical chart stands at 16.92$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in xagusd prices upto 17.15$ – 17.40$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
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