Gold forecast
Comex Gold ( xauusd ) price trading at 1237$ . It tested some lower points yesterday but came back with full force . A good support on daily chart stands at 1224$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1217$ – 1208$ today .
A good resistance on daily chart stands at 1245$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to fire upto 1254$ – 1262$ today .
Gold forecast conclusion : Comex xauusd trend is flat to positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.97$ . This precious metal is trading in a small range since monday . No major movement so far . A good hurdle on daily chart stands at 18.20$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to fire upto 18.45$ – 18.70$ today .
A good base level on daily chart stands at 17.70$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 17.50$ – 17.26$ today .
Silver forecast conclusion : Comex xagusd trend is flat to positive for now .
More will update to our trading signals subscribers .