Gold forecast
Comex Gold ( xauusd ) price trading at 1233$ . Yesterday it made low of 1216$ and then fired back . Currently its trading near its highest point of the day . A good resistance on daily chart stands at 1242$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to fire upto 1251$ – 1260$ today .
A good support on daily chart stands at 1224$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold price to test upto 1217$ – 1208$ today .
Gold forecast conclusion : Comex xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.95$ . It did not saw that much movement since yesterday . A good base level on daily chart stands at 17.70$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 17.50$ – 17.30$ today .
A good hurdle on daily chart stands at 18.15$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to fire upto 18.35$ – 18.55$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
More will update to our trading signals subscribers .