Gold Silver analysis 31 august 2017

By | August 31, 2017

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 .