Gold forecast
Comex Gold ( xauusd ) price trading at 1255$ . Its trading flat to weak since yesterday . A good support on daily chart stands at 1247$ . If traders breaks this major base and manage to sustain trade beneath our support today . Then expect more pressure on gold prices upto 1241$ – 1235$ today .
A good resistance on technical chart stands at 1260$ . If traders unseat this hurdle and manage to sustain trade above our resistance today . Then expect more power to buyers upto 1267$ – 1272 today .
Gold forecast conclusion : Comex xauusd trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 18.25$ . A good base level on technical chart stands at 18.05$ . If traders take this support out and manage to sustain trade beneath our support today . Then expect more consolidation in silver prices upto 17.90$ – 17.70$ today .
A good hurdle on daily silver chart stands at 18.55$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect prices to test upto 18.70$ – 18.98$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
Today we have manufacturing and fed minutes from US . Stay cautious .
More will update to our trading signals subscribers .
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