Technical gold analysis 10th November 2017

By | November 10, 2017

Gold analysis

Comex gold ( xauusd ) price broke 1285$ yesterday and still sustaining above 1285$ which is a good sign for buyers . A good support on daily chart stands at 1277$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major commodity upto 1270$ – 1262$ today .

A good resistance on daily chart stands at 1292$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in this precious metal upto 1299$ – 1307$ .

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

Silver analysis

Comex silver ( xagusd ) price trading at 17.02$ , yesterday it made low 16.91$ and could not break our base of 16.90$ . A good base level on daily chart stands at 16.90$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major commodity upto 16.70$ – 16.50$ today .

A good hurdle on daily chart stands at 17.25$ , traders need to break this major hurdle in order to resume fresh buying . Once market break this barrier and manage to sustain trade above our hurdle today . Then expect good firepower in this precious metal upto 17.48$ – 17.70$ .

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

US markets are closed today due to Veterans day .

Read our yesterday’s key levels here

More will update to our trading signals subscribers .