Silver Gold analysis 29 september 2017

By | September 29, 2017

Gold analysis

Comex Gold ( xauusd ) price trading at 1285$ , yesterday it recovered from 1277$ and tested near 1288$ . A good support on daily chart stands at 1275$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this precious metal upto 1270$ – 1262$ 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 some recovery in this major commodity upto 1299$ – 1307$ .

Gold analysis conclusion : We have UK’s GDP numbers today so keep an eye on that , on chart trend is flat to positive for now .

Silver analysis

Comex Silver ( xagusd ) price trading at 16.82$ , it recovered beautifully from 16.68$ till 16.85$ last night and still holding in good positive zone . A good base level on daily chart stands at 16.60$ , if traders take this base out and manage to sustain trade below our support , then expect more pressure on this major commodity upto 16.40$ – 16.20$ today .

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 precious metal upto 17.28$ – 17.54$ .

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

More will update to our trading signals subscribers .

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