Gold Silver price forecast update 24th February 2017

By | February 24, 2017

Gold forecast

Comex Gold ( xauusd ) price finally broke out from its shell and tested above 1250$ . Currently its trading at 1253$ . A good support on daily chart stands at 1244$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1234$ – 1224$ today .

A good resistance on daily chart stands at 1266$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to fire upto 1274$ – 1282$ today .

Gold forecast conclusion : Comex xauusd trend is positive for now .

Silver forecast

Comex Silver ( xagusd ) price trading at 18.23$ . It broke 18$ zone and currently in pursue to test major hurdle of 18.30$ . If trader breaks this major hurdle and manage to sustain trade above our resistance . Then expect silver prices to fire upto 18.55$ – 18.70$ today .

A good base level on daily chart stands at 17.98$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 17.75$ – 17.52$ today .

Silver forecast conclusion : Comex xagusd trend is positive for now .

Metals has fired a lot so do not initiate any fresh buying on these levels .

More will update to our trading signals subscribers .

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