Gold analysis
Comex Gold price trading at 1335$ , it opened lower today and continuing its trade on lower side . A good support on daily chart stands at 1328$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this precious metal upto 1321$ – 1316$ today .
A good resistance on daily chart stands at 1344$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this major commodity upto 1352$ – 1360$ .
Gold analysis conclusion : Comex xauusd trend is flat to weak for now .
Silver analysis
Comex Silver price trading lower too at 17.84$ , a good base level on daily chart stands at 17.65$ . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this precious metal upto 17.44$ – 17.25$ today .
A good hurdle on daily chart stands at 18.05$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in silver upto 18.28$ – 18.54$ .
Silver analysis conclusion : Comex xagusd trend is flat to weak for now .
More will update to our trading signals subscribers .