Gold forecast
Comex Gold ( xauusd ) price trading at 1192$ . A good support on daily chart stands at 1184$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1177$ – 1170$ today .
A good resistance on daily chart stands at 1201$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1208$ – 1217$ today .
Gold forecast conclusion : Comex xauusd trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.15$ . A good base level on daily chart stands at 16.90$ . If trader breaks this major base and manage to sustain trade beneath our support today . Then expect silver price to test upto 16.70$ – 16.50$ today .
A good hurdle on daily chart stands at 17.35$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver price to test upto 17.55$ – 17.80$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
Its chinese new year and china’s market will be close for this week . So stay cautious .
More will update to our trading signals subscribers .