Gold forecast
Comex Gold ( xauusd ) price trading at 1250$ . Last night it cracked and tested below 1250$ . A good support on today’s technical chart stands at 1242$ . If traders manage to break this base level and continues trade below this base level . Then expect more downside in gold prices upto 1234$ – 1227$ levels today .
A good resistance on today’s technical chart stands at 1262$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to gold buyers upto 1271$ – 1279$ today .
Gold forecast conclusion : Comex xauusd trend is flat to weak for today .
Silver forecast
Comex Silver ( xagusd ) price trading at 18.08$ . This precious metal also faced pressure last night and tested near 18$ . But its holding pretty well since yesterday . A good base level on today’s technical chart stands at 17.90$ . If traders breaks this major base and continue trade below this level . Then expect some pressure in silver prices to test upto 17.70$ – 17.50$ today .
A good hurdle on daily technical chart stands at 18.30$ . If traders break this barrier and manage to trade above this resistance today . Then expect more power to silver buyers upto 18.52$ – 18.74$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
More will update to our trading signals subscribers .