Silver Gold analysis 04 october 2017

By | October 4, 2017

Gold analysis

Comex gold ( xauusd ) price trading at 1276$ , it fired from 1268$ yesterday and trying to test hurdle of 1284$ and we enjoyed this fire as our buy signal initiated near 1270$ last night . Once traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good recovery in this precious metal upto 1290$ – 1299$ today .

A good support on daily chart stands at 1265$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major commodity upto 1260$ – 1252$ .

Comex gold analysis conclusion : Xauusd trend is flat to positive for now , avoid any selling for now .

Silver analysis

Comex silver ( xagusd ) price trading at 16.78$ , it made beautiful high of 16.82$ achieved our buy signal target on dot . A good hurdle on daily chart stands at 17.05$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good recovery in this major commodity upto 17.28$ – 17.54$ today .

A good base level on daily chart stands at 16.50$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this precious metal upto 16.30$ – 16.05$ .

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

Read our yesterday’s forecast here

More will update to our trading signals subscribers .

2 thoughts on “Silver Gold analysis 04 october 2017

  1. Pingback: Silver Gold signals 04 october 2017 . Forex signals provider

  2. Pingback: USDJPY & Crude oil analysis 05 october 2017 . Forex signal provider

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