Gold forecast
Comex Gold ( xauusd ) price trading at 1234$ . Last night while US were closed it kept in 2-3$ range . A good support on daily chart stands at 1224$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1217$ – 1207$ .
A good resistance on daily chart stands at 1245$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to buyers upto 1253$ – 1260$ today .
Gold forecast conclusion : Comex xauusd trend is flat to weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.98$ today . A good hurdle on daily chart stands at 18.20$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to buyers upto 18.45$ – 18.70$ today .
A good base level on daily chart stands at 17.70$ . If trader takes any hit on this base level and manage to sustain trade beneath our support today . Then expect bears to take over silver prices upto 17.50$ – 17.20$ today .
Silver forecast conclusion : Comex xagusd trend is flat to weak for now .
More will update to our trading signals subscribers .