Gold forecast
Comex Gold ( xauusd ) price trading at 1249.50$ . It tested 1246$ last night and bounced back from there . A good base level on daily technical chart stands at 1245$ . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1237$ – 1230$ today .
A good resistance on daily technical chart stands at 1256$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in xauusd prices upto 1263$ – 1270$ today .
Gold forecast conclusion : Comex xauusd trend is flat to positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.76$ . It tested 16.86$ in morning and retraced back since then . 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 further pressure in xagusd prices upto 16.30$ – 16.05$ today .
A good hurdle on daily technical chart stands at 17.05$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower in xagusd prices upto 17.28$ – 17.50$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
Read our yesterday’s forecast and levels here
More will update to our trading signals subscribers .
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