Gold trend

Comex Gold ( xauusd ) price opened higher from its friday closing . Currenrly prices are trading above 1141$ . A good support on daily chart stands at 1132$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1124$ – 1117$ today .

A good resistance on daily chart stands at 1149$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold price to test upto 1156$ – 1162$ .

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

Silver trend

Comex silver ( xagusd ) price trading at 16.14$ . It opened almost flat unlike xauusd which opened a bit higher and still sustaining on higher levels . A good base level on daily chart stands at 15.90$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver prices to test upto 15.70$ – 15.50$ today .

A good hurdle on daily chart stands at 16.35$ . If traders break this major hurdle and manage to sustain trade above our hurdle today . Then expect silver price to test upto 16.56$ – 16.78$ today .

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

More will update to our trading signal subscribers .

By marafat