Gold forecast daily update 10th May 2017

By | May 10, 2017

Gold forecast

Comex Gold ( xau/usd ) price trading at 1221$ today . Last night it tested 1215$ . Its trying to recover a bit but still not finding good support from buyers in the market . A good support on daily technical chart stands at 1208$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in gold prices upto 1200$ – 1191$ today .

A good resistance on daily chart stands at 1228$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some recovery in gold prices upto 12336$ – 1244$ today .

Gold forecast conclusion : Comex xau/usd trend is weak for now .

Silver forecast

Comex Silver ( xag/usd ) price trading at 16.14$ . Last night it tried to break 16$ but could not . A good base level on daily chart stands at 15.90$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in comex silver prices upto 15.70$ – 15.50$ today .

A good hurdle on daily technical chart stands at 16.40$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery and a breather for silver buyers upto 16.60$ – 16.82$ today .

Silver forecast conclusion : Comex xag/usd trend is weak for now .

Read our yesterday’s forecast and technical levels here

More will update to our trading signals subscribers .

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  1. Pingback: Gold forecast daily 11th May 2017 . Gold signals service

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