Technical analysis gold 14th November 2017

By | November 14, 2017

Gold analysis

Comex gold ( xauusd ) price trading at 1276$ , yesterday it had tested 1279$ and still trading in same 3-4$ zone . A good support on daily chart stands at 1270$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major commodity upto 1262$ – 1254$ today .

A good resistance on daily chart stands at 1286$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good recovery in this precious metal upto 1292$ – 1299$ .

Technical analysis gold conclusion : Gold trend is flat for now avoid any major buy or sell without any stoploss .

Silver analysis

Comex silver ( xagusd ) price trading at 17$ , A good base level on daily chart stands at 16.88$ . If traders take this base out and manage to sustain trade below our support of 16.88$ today . Then expect more pressure on this major commodity upto 16.70$ – 16.50$ .

A good hurdle on daily chart stands at 17.25$ , if traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower upto 17.48$ – 17.70$ today .

Silver analysis conclusion : Silver trend is flat for now , follow key levels to trade .

We have ECB chairman and Fed chairman speech today . Stay cautious .

Read our weekly precious metals forecast here

More will update to our trading signals subscribers .

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