Gold forecast
Comex Gold ( xauusd ) price trading at 1198$ . Last night it dipped a bit before US president elect Donald Trump . But as Mr. Trump finished his speech it started firing and made new intraday highs . A good resistance on daily chart stands at 1208$ today . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1218$ – 1227$ today .
A good support on daily chart stands at 1184$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1178$ – 1170$ today .
Gold forecast conclusion : Comex Xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.82$ . Yesterday it made low near 16.50$ and fired back . A good hurdle on daily chart stands at 17.05$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 17.28$ – 17.54$ today .
A good base level on daily chart stands at 16.50$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 16.30$ – 16.054 today .
Silver forecast conclusion : Comex Xagusd trend is positive for now .
More will update to our trading signals subscribers .