Gold forecast daily update 15th May 2017

By | May 15, 2017

Gold forecast

Comex Gold ( xau/usd ) price opened higher and currently trading higher at 1232$ as china’s industrial production numbers came weaker than expected . A good resistance on technical daily chart stands at 1239$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more upside in xauusd prices upto 1247$ – 1256$ today .

A good support on daily technical chart stands at 1225$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in prices and gold may test upto 1217$ – 1208$ today .

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

Silver forecast

Comex Silver ( xag/usd ) price trading at 16.60$ . A good base level on daily chart stands at 16.40$ . If traders take this support out and manage to sustain trade below our support today . Then expect more pressure in silver prices upto 16.20$ – 16$ today .

A good hurdle on daily chart stands at 16.82$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect silver prices upto 17.05$ – 17.28$ today .

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

Read our weekly trend and levels here

More will update to our trading signals subscribers .

One thought on “Gold forecast daily update 15th May 2017

  1. Pingback: Gold forecast daily 16th May 2017 . Gold xauusd signals service

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