Silver forecast
Comex silver ( xagusd ) price trading at 17$ today . Its trading slightly positive since morning after china’s data on industrial production which came weaker than expected . Today we have a resistance on daily chart stands at 17.25$ . If trader break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 17.48$ – 17.70$ today .
A good support on daily chart stands at 16.75$ . If trader break this major base level and manage to sustain trade beneath our support today . Then expect 16.52$ – 16.30$ today in silver price .
Silver forecast conclusion : Comex xagusd trend is flat to positive for now .
Gold forecast
Comex gold ( xauusd ) price trading at 1208$ . It also got benefit from weak chinese data and shown a jump in early session . A good hurdle on daily chart stands at 1217$ . If trader break this major hurdle and manage to sustain trade above our resistance today . Then expect gold price to test upto 1226$ – 1235$ today .
A good base level on daily chart stands at 1198$ . If trader break this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1190$ – 1182$ today .
Gold forecast conclusion : Comex xauusd trend is positive for now .
More will update to our trading signals subscribers .