Gold forecast
Comex Gold ( xauusd ) price trading at 1257$ . It tested 1262$ last night and since then its trying to discount the fire it had yesterday and facing good profit booking . A good support on daily technical chart stands at 1248$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect xauusd prices to test upto 1240$ – 1232$ today .
A good resistance on daily technical chart stands at 1266$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower in xauusd prices upto 1274$ – 1280$ today .
Gold forecast conclusion : Comex xauusd trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.74$ . Last night it crossed 17$ but it could not sustain on higher levels and cracked after that . A good base level on daily technical chart stands at 16.50$ . If traders take this support out 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 17.05$ . Once this hurdle is taken care of by traders and manage to hold price above this resistance . Then expect fresh buying and xagusd prices may shoot upto 17.28$ – 17.56$ today .
Silver forecast conclusion : Comex xagusd trend is flat to weak for now .
Read our yesterday’s levels and trend here
More will update to our trading signals subscribers .
[…] Comex xauusd fired beautifully and our subscribers minted more than 70 pips . Currently Gold trading at 1263$ . A good hurdle on daily chart stands at 1266$ . For support and resistance for today’s trading session visit our daily forecast here […]
[…] Read our yesterday’s levels and forecast here […]