Gold forecast daily update 29th May 2017

By | May 29, 2017

Gold forecast

Comex Gold ( xauusd ) price trading at 1267$ . Its trading flat since morning . A good support on daily technical chart stands at 1258$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1250$ – 1242$ today .

A good resistance on daily technical chart stands at 1273$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower in xauusd prices upto 1281$ – 1288$ today .

Gold forecast conclusion : Today US is closed due to Memorial day . So expect slow movement today .

Silver forecast

Comex Silver ( xagusd ) price trading at 17.35$ . A good base level on daily technical chart stands at 17.20$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect some consolidation in xagusd upto 17$ – 16.80$ today .

A good hurdle on daily technical chart stands at 17.55$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some rise in xagusd prices upto 17.80$ – 18$ today .

Silver forecast conclusion  Comex xagusd trend is flat to positive for now .

US and UK are closed today . So market can be range bound . Trade with strict stoploss .

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More will update to our trading signals subscribers .

 

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  1. Pingback: Gold forecast daily 30th May 2017 . Xauusd signals service

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