Gold Silver signals
A good day for our comex gold silver signals subscribers, We asked them to buy these precious metals. Both fired and our subscribers enjoyed the profits at our targets. Here is our trade recommendations.
Buy gold at 1287.50$ with stoploss of 1281$ for target of 1296$. Xauusd fired and made high above 1296$. Our subscribers exited at our target and fetched nearly 85 pips in this trade and made approx $850 profit per lot. ( 100oz standard lot calculation )
Buy silver at 16.38$ with stoploss of 16.18$ for target of 16.63$. Xagusd made high around 16.60$, we exited at 16.59$ just near our target. Our subscribers fetched nearly 105 pips in this trade and made approx $1050 profit per lot. ( 5000oz standard lot calculation).
Silver price trading at 16.58$ now. A good hurdle on this major commodity stands at 16.75$. Above this hurdle expect 16.99$ and more. Read full analysis here
Gold price trading at 1294$, A good resistance stands at 1296$ just above our target and today’s high. Once this traders is out and traders manage to sustain trade above our resistance. Then expect 1302$ – 1309$ today. Read full analysis here
Currently precious metals trend is positive as dollar index ( DXY ) broke 93 and sustaining below 93. It made low of 92.85 and our support stands at 92.80. Full dollar index analysis is here
US bond ( 10 year ) yield is also cooling off. Have to keep an eye on bond and dollar index to confirm if market has turned positive in precious metals. Keep an eye on both and mind our resistance. Once market breaks our resistance and dollar index remain weak. We should have good recovery in gold silver prices. Avoid sell trade for now.
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