Gold analysis
Comex Gold ( xauusd ) price fired again and tested 1355$ , currently prices are trading at 1353$ . Yesterday ECB decided not to hike nor cut the interest rate . A good support on daily chart stands at 1344$ , if traders take this base out and manage to sustain trade below our support today . Then expect some pressure in this precious metal upto 1337$ – 1330$ today .
A good hurdle on daily chart stands at 1361$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this major commodity upto 1370$ – 1377$ .
Gold analysis conclusion : Gold trend is positive for now . Avoid any major selling
Silver analysis
Comex Silver ( xagusd ) prices fired last night and tested above 18.10$ . Currently prices trading at 18.11$ , a good base level on daily chart stands at 17.90$ . if traders take this base out and manage to sustain trade below our support today . Then expect more pressure in this major commodity upto 17.70$ – 17.50$ today .
A good hurdle on daily chart stands at 18.25$ , if traders take this hurdle out and manage to sustain trade above ou resistance today . Then expect more firepower in this major precious metal upto 18.47$ – 18.70$ .
Silver analysis conclusion : Comex xagusd trend is positive for now .
More will update to our trading signals subscribers .