Gold analysis
Comex gold ( xauusd ) price trading at 1289$ , yesterday it tested near 1293$ and still its trading in positive zone . A good support on daily chart stands at 1282$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major commodity upto 1275$ – 1270$ today .
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 precious metal upto 1300$ – 1308$ .
Gold analysis conclusion : Comex xauusd trend is flat to positive for now .
Silver analysis
Comex silver ( xagusd ) price trading at 17.10$ , yesterday it tested 17.24$ and retraced back from there , it achieved our intraday signal’s target at 17.12$ . A good hurdle on daily chart stands at 17.26$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this precious metal upto 17.48$ – 17.70$ 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 major commodity upto 16.70$ – 16.50$ .
Silver analysis conclusion : Comex xagusd trend is flat to positive for now .
Read our yesterday’s analysis here
More will update to our trading signals subscribers .
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