Gold Silver price forecast 05th January 2017

By | January 5, 2017

Gold forecast

Comex Gold ( xauusd ) price trading at 1176$ . Yesterday we gave a buy signal to our intraday subscribers at 1163$ . More on this in next post . Currently its trading with good positive momentum . A good resistance on daily chart stands at 1184$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1192$ – 1199$ today .

A good support on daily chart stands at 1167$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1160$ – 1152$ today .

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

Silver forecast

Comex Silver ( xagusd ) price trading at 16.64$ . Its trading positive since yesterday . A good hurdle on daily chart stands at 16.85$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 17.05$ – 17.32$ .

A good base level on daily chart stands at 16.42$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 16.20$ – 16$ today .

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

More will update to our trading signal subscribers .