Gold forecast
Comex Gold ( xauusd ) price trading at 1158$ . It opened pretty well and giving good positive hold above 1156$ . A good resistance on daily chart stands at 1166$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1174$ – 1181$ today .
A good support on daily chart stands at 1147$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1138$ – 1127$ today .
Comex Gold forecast conclusion : Its first trading session of 2017 . So trade small qty . Let the market move first and settle .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.10$ . It opened pretty well today after a bad consolidation last week . A good base level on daily chart stands at 15.88$ . If traders break this major base and manage to sustain trade beneath our support today . Then expect silver prices to test upto 15.65$ – 15.30$ today .
A good hurdle on daily chart stands at 16.35$ . If traders break this major hurdle and manage to sustain trade above our hurdle today . Then expect silver price to test upto 16.55$ – 16.78$ today .
Silver forecast conclusion : Comex Xagusd trend is flat for now .
More will update to our trading signal subscribers .