Gold Silver price forecast 16th January 2017

By | January 16, 2017

Gold forecast

Comex Gold ( xauusd ) price trading at 1205$ . It opened higher today . Market was anticipating positive move as last friday it almost closed in positive territory despite doing our sell targets . A good resistance on daily chart stands at 1217$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold price to test upto 1227$ – 1236$ today .

A good support on daily chart stands at 1192$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1184$ – 1174$ today .

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

Silver forecast

Comex Silver ( xagusd ) price trading at 16.90$ . It opened higher today . A good hurdle on daily chart stands at 17.05$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 17.31$ – 17.55$ today .

A good base level on daily chart stands at 16.70$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 16.51$ – 16.30$ today .

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

More will update to our trading signals subscribers .

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