Gold forecast
Comex Gold ( xauusd ) price trading at 1258$ . It tested 1246$ range last night and then bounced back pretty quick . 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$ . Once traders unseat this hurdle and manage to sustain trade above our resistance today . Then expect xauusd prices to roar upto 1272$ – 1280$ today .
Gold forecast conclusion : Comex xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.20$ . It tested 17.27$ today and retraced back . A good base level on daily technical chart stands at 16.98$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more pressure in xagusd prices upto 16.75$ – 16.52$ today .
A good hurdle on daily technical chart stands at 17.45$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower in xagusd prices upto 17.70$ – 17.92$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
We have US unemployment claims today . Keep an eye on that .
Read our yesterday’s forecast here
More will update to our trading signals subscribers .
[…] Read our yesterday’s forecast here […]