Gold Silver analysis 30 august 2017

By | August 30, 2017

Gold analysis

Comex Gold ( xauusd ) prices cooled off last night after a tremendous run till 1326$ . A good support on daily chart stands at 1298$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1291$ – 1284$ today .

A good resistance on daily chart stands at 1317$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in xauusd upto 1325$ – 1333$ .

Gold analysis conclusion : We have prelim GDP data today from US , stay cautious , trend is flat to weak for now .

More will update to our trading signals subscribers .

Silver analysis

Comex Silver ( xagusd ) price trading at 17.37$ . It tested 17.66$ last night and cooled off after making highs . A good base level on daily chart stands at 17.15$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure in this commodity prices upto 16.92$ – 16.70$ today .

A good hurdle on daily chart stands at 17.55$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this commodity upto 17.77$ – 17.99$ today .

Silver analysis conclusion : Comex xagusd trend is flat to weak for now .

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