Daily forecast Gold Silver 27th February 2017

By | February 27, 2017

Gold forecast

Comex Gold ( xauusd ) price trading at 1256$ today . Its trading flat since morning . A good support on daily chart stands at 1248$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1241$ – 1235$ today .

A good resistance on daily chart stands at 1267$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to fire upto 1277$ – 1286$ today .

Gold forecast conclusion : Comex xauusd trend is positive for now .

Silver forecast

Comex Silver ( xagusd ) price trading at 18.38$ . Its trading pretty flat since last friday . A good base level on daily chart stands at 18.17$ . If traders take this support out and manage to sustain trade beneath our support today . Then expect silver price to test upto 17.98$ – 17.75$ today .

A good hurdle on daily chart stands at 18.55$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to fire upto 18.77$ – 18.99$ today .

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

Today we have core durable data and pending home sales monthly data from US . Stay cautious .

More will update to our trading signals subscribers .