Gold Silver price forecast update 31st January 2017

By | January 31, 2017

Gold forecast

Comex Gold ( xauusd ) price trading at 1199$ . It fired from 1188$ till 1199$ yesterday . Today it tested 1203$ . A good resistance on daily chart stands at 1209$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1217$ – 1227$ today .

A good support on daily chart stands at 1189$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1180$ – 1171$ today .

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

Silver forecast

Comex Silver ( xagusd ) price trading at 17.18$ . A good base level on daily chart stands at 16.90$ . If trader breaks this major base level 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 17.56$ – 17.77$ today .

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

Today we have BOJ press conference , Japan did not changed interest rate today in monetary policy . We have ECB president Draghi speech as well . So stay cautious .

More will update to our trading signals subscribers .

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