Gold forecast
Comex Gold ( xauusd ) price trading at 1135$ . Last night it was making lows but market opened higher today and sustaining above 1130$ which could boost buyers chances to get a small breather in prices . A good support on daily chart stands at 1125$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1117$ – 1109$ today .
A good resistance on daily chart stands at 1144$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold price to test upto 1152$ – 1161$ today .
Gold forecast conclusion : Comex Xauusd trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.09$ . Yesterday it made low below 15.70$ and recovered smartly just after some hours only . A good hurdle on daily chart stands at 16.30$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 16.52$ – 16.74$ today .
A good base level on daily chart stands at 15.85$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 15.65$ – 15.42$ today .
Silver forecast conclusion : Comex Xagusd trend is flat for now .
More will update to our trading signal subscribers .