Gold analysis
Comex gold ( xauusd ) price trading at 1305$ , it tested 1298$ early morning today and now trying to bounce from our major base level . A good support on daily chart stands at 1297$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure in this major commodity upto 1291$ – 1283$ today .
A good resistance on technical chart stands at 1315$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this precious metal prices upto 1323$ – 1330$ .
Gold analysis conclusion : Comex xauusd trend is flat to weak for now .
Silver analysis
Comex silver ( xagusd ) price trading at 17.39$ , its not trading lower or weak like gold . Xagusd prices are firm and consistent through out the day . A good base level on daily chart stands at 17.18$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure in this precious metal prices upto 17$ – 16.78$ 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 precious metal prices upto 17.78$ – 17.99$ .
Silver analysis conclusion : Comex xagusd trend is flat for now .
More will update to our trading signals subscribers .
[…] of nearly 70-75 pips in this trade . Currently its trading at 1306$ again . Read our daily forecast here for today’s levels […]