Gold forecast
Comex Gold ( xauusd ) price trading at 1240$ . It tested 1243$ last night and now trying to consolidate . A good support on daily technical chart stands at 1230$ . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1222$ – 1215$ today .
A good resistance on daily technical chart stands at 1248$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some more recovery in xauusd prices upto 1256$ – 1264$ today .
Gold forecast conclusion : Comex xauusd trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.25$ . It tested 16.35$ last night and now trying to settle here . A good base level on daily chart stands at 16$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect some pressure in xagusd prices upto 15.80$ – 15.60$ today .
A good hurdle on daily technical chart stands at 16.55$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more recovery in xagusd prices upto 16.80$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
We have Building permits data from US today . Stay cautious .
Read our yesterday’s forecast and levels here
More will update to our trading signals subscribers .
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