Gold technical analysis 09th November 2017

By | November 9, 2017

Technical analysis Gold

Comex gold ( xauusd ) price trading at 1283$ , yesterday it fired and our subscribers enjoyed the profit as our buy signal initiated . A good support on daily chart stands at 1275$ , if traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure on this major commodity upto 1268$ – 1260$ today .

A good resistance on daily chart stands at 1292$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this precious metal upto 1299$ – 1307$ .

Gold analysis conclusion : Comex gold trend is positive for now . Avoid any major sell .

Silver analysis

Comex silver ( xagusd ) price trading at 17.10$ , yesterday it tested 17.27$ and our subscribers enjoyed as our exact target was 17.27$ . Despite testing 17.27$ its not showing any major buy as it did not sustain above 17.25$ . Again a good hurdle on daily chart stands at 17.25$ , once traders break this major base and manage to sustain trade above our resistance today . Then expect more firepower in this major commodity upto 17.48$ – 17.69$ today .

A good base level on daily chart stands at 16.90$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this precious metal prices upto 16.70$ – 16.50$ .

Silver analysis conclusion : Comex silver trend is flat to positive for now .

Read our yesterday’s market key levels here

More will update to our trading signals subscribers .

2 thoughts on “Gold technical analysis 09th November 2017

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