Gold forecast

Comex Gold ( xauusd ) price trading at 1242$ . Yesterday it tested 1252$ and retraced back . Currently its trading in a narrow range since morning . A good support on daily chart stands at 1236$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1227$ – 1220$ today .

A good resistance on daily chart stands at 1255$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to fire upto 1263$ – 1272$ today .

Gold forecast conclusion : Comex xauusd trend is flat to weak for now .

Silver forecast

Comex Silver ( xagusd ) price trading at 17.55$ . Its trading pretty solid compare to xauusd . A good base level on daily chart stands at 17.30$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 17.05$ – 16.80$ today .

A good hurdle on daily chart stands at 17.75$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 17.99$ – 18.20$ today .

Silver forecast conclusion : Comex xagusd trend is flat for now .

More will update to our trading signals subscribers .

By marafat