Silver Gold analysis 28 september 2017

By | September 28, 2017

Gold analysis

Comex Gold ( xauusd ) price crashed further yesterday and still trading near lowest point of the week . A good support on daily chart stands at 1272$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this precious metal upto 1265$ – 1259$ today .

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

Gold analysis conclusion : Comex xauusd trend is weak for now , avoid any buy .

Silver analysis

Comex Silver ( xagusd ) price trading at 16.70$ its trading almost nearest point of the day . A good base level on daily chart stands at 16.48$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major commodity upto 16.25$ – 16.04$ today .

A good hurdle on daily chart stands at 16.92$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower upto 17.15$ – 17.40$ .

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

We have US final GDP and UK prime minister speech today . Keep an eye on both events .

More will update to our trading signals subscribers .