Gold forecast daily update 31st May 2017

By | May 31, 2017

Gold forecast

Comex Gold ( xauusd ) price trading at 1262$ . It tested 1259$ twice since yesterday but came back after that . A good support on daily technical chart stands at 1254$ . Once traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1247$ – 1240$ today .

A good resistance on daily technical chart stands at 1272$ . Once 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 : Comex xauusd trend is flat to weak for now .

Silver forecast

Comex Silver ( xagusd ) price trading at 17.27$ . It tested 17.20$ and came back . 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 more firepower to xagusd prices upto 17.80$ – 17.99$ today .

A good base level on daily technical chart stands at 17$ . Once trader breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 16.80$ – 16.55$ today .

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

Read our yesterday’s forecast and levels here

More will update to our trading signals subscribers  .

One thought on “Gold forecast daily update 31st May 2017

  1. Pingback: Gold forecast 01st June 2017 . Xauusd signals service

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