Gold forecast
Comex Gold ( xauusd ) price trading at 1176$ . Yesterday it fired with full power . Our positional subscribers booked approx 18$ profits in this precious metal . Today it has a good hurdle on daily chart 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$ – 1200$ today .
A good base level on daily chart stands at 1165$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1159$ – 1152$ today .
Gold forecast conclusion : Comex Xauusd trend is flat for now . We might see some corrections . So stay cautious .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.42$ . It tested 16.22$ in morning and reverted back . A good support on daily chart stands at 16.20$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver prices to test upto 16$ – 15.78$ today .
A good resistance on daily chart stands at 16.66$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver price to test upto 16.88$ – 17.07$ today .
Silver forecast conclusion : Comex Xagusd trend is flat to weak for now .
More will update to our trading signal subscribers .