Gold Silver price forecast 28th February 2017

By | February 28, 2017

Gold forecast

Comex Gold ( xauusd ) price trading at 1254$ . It crashed from 1264$ odd zone and tested 1250$ zone . A good resistance on daily chart stands at 1266$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to fire upto 1277$ – 1286$ today .

A good support on daily chart stands at 1248$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1240$ – 1232$ today .

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

Silver forecast

Comex Silver ( xagusd ) price trading at 18.33$ . It tested 18.20$ last night but could not break it . A good base level stands on chart at 18.20$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect silver price to test 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 silver prices to fire upto 18.77$ – 18.99$ today .

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

Today we have GDP and consumer sentiment data from US . So stay cautious .

More will update to our trading signals subscribers .

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