Technical analysis Gold Silver 26th Oct 2017

By | October 26, 2017

Gold analysis

Comex gold ( xauusd ) price trading at 1279$ , yesterday it tested low of 1271$ and then fired back to test 1282$ . 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$ – 1255$ 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 more firepower in this precious metal upto 1292$ – 1299$ .

Gold technical analysis conclusion : Comex xauusd trend is flat to positive for now .

Silver analysis

Comex silver ( xagusd ) price trading at 16.94$ , a good base level on daily chart stands at 16.75$ . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major commodity upto 16.55$ – 16.30$ today .

A good hurdle on daily chart stands at 17.20$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this precious metal upto 17.45$ – 17.70$ .

Silver analysis conclusion : Comex xagusd trend is flat to positive for now .

We have ECB decision on rate cut today , better stay lite and trade cautiously .

Read dow jones and crude oil levels here

Today’s data can be seen here

More will update to our trading signals subscribers .

One thought on “Technical analysis Gold Silver 26th Oct 2017

  1. Pingback: Technical analysis gold 27 october 2017 . Comex silver tips

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