Silver Gold analysis 10 october 2017

By | October 10, 2017

Gold analysis

Comex gold ( xauusd ) price trading at 1287$ , it fired from 1275$ to 1288$ today and we enjoyed it as our buy signal initiated at 1281$ last night . A good resistance on daily chart stands at 1294$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this major commodity upto 1300$ – 1307$ today .

A good support on daily chart stands at 1280$ , if traders take this base out and manage to sustain trade below our support today . Then expect some pressure on this precious metal upto 1272$ – 1266$ .

Gold analysis conclusion : Comex xauusd trend is positive for now , avoid selling on these levels .

Silver analysis

Comex silver ( xagusd ) price trading at 17.05$ , yesterday it recovered from 16.88$ range and it tested approx 17.10$ today . A good base level on daily chart stands at 16.80$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major commodity upto 16.60$ – 16.40$ today .

A good hurdle on daily chart stands at 17.30$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower upto 17.55$ – 17.80$ .

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

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2 thoughts on “Silver Gold analysis 10 october 2017

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