Gold forecast trading levels 27 july 2017

By | July 27, 2017

Gold forecast

Comex Gold ( xauusd ) price trading at 1262$ . This major commodity fired right after fed decided not to cut interest rate any further this month . Today it tested 1265$ . A good resistance on daily chart stands at 1272$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in xauusd prices upto 1280$ – 1288$ today .

A good support on daily chart stands at 1255$ . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure in xauusd prices uptp 1248$ – 1240$ today .

Gold forecast conclusion : Comex xauusd trend is positive for now .

Silver forecast

Comex Silver ( xagusd ) price trading at 16.71$ . It tested 16.76$ today . Major firepower is accelerated by fed decision not to cut interest rate . So its fresh buying in metals is not a good idea for now . A good hurdle on daily chart stands at 16.92$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower in xagusd prices upto 17.12$ – 17.35$ today .

A good base level on daily chart stands at 16.50$ . If traders take this base out and manage to sustain trade below our support today . Then expect some pressure in this precious metal upto 16.30$ – 16.05$ today .

Silver forecast conclusion : Comex xagusd trend is positive for now .

More will update to our trading signals subscribers .