Gold Silver analysis 26 september 2017

By | September 26, 2017

Gold analysis

Comex Gold ( xauusd ) prices recovered from 1290$ till 1305$ last night , currently trading even higher at 1311$ . Today we have CB consumer confidence data from US which will give a good hint for upcoming trend in this precious metal . For now a good support on daily chart stands at 1298$ , if traders take this base out and manage to sustain trade below our support then expect some pressure on this major commodity upto 1291$ – 1284$ today .

We have Fed chairman Yellen speech as well , for now a good resistance on daily chart stands at 1319$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this precious metal upto 1327$ – 1333$ .

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

Silver analysis

Comex Silver ( xagusd ) prices recovered yesterday 16.82$ to 17.10$ . A good base level on daily chart stands at 16.90$ . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major commodity upto 16.70$ – 16.50$ .

A good hurdle on daily chart stands at 17.45$ , If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this major precious metal upto 17.70$ – 17.92$ .

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

More will update to our trading signals subscribers .