Gold forecast
Comex Gold ( xauusd ) price trading at 1262$ . Precious metals packed fired after US fired missiles on Syria . It tested 1268$ just after attack and still holding above 1260$ comfortably . A good support on daily chart stands at 1252$ . If traders breaks this major base and continue trading below this level . Then expect some consolidation upto 1244$ – 1234$ today .
A good resistance on daily chart stands at 1272$ . If traders breaks this major hurdle and manage to sustain trade above 1272$ today . Then expect more power to gold bulls upto 1280$ – 1288$ today .
Gold forecast conclusion : Comex gold trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price also got a slight push after US attack on Syrian airfields . It tested near 18.50$ and then reverted back . Currently prices are flirting with 18.40$ . A good base level on technical chart stands at 18.17$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect some power to silver sellers upto 17.98$ – 17.75$ today .
A good hurdle on daily chart stands at 18.55$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to bulls and they may drag silver prices upto 18.77$ – 18.99$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
We have unemployment rate and non farm employment change data from US . Stay cautious .
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More will update to our trading signals subscribers .