Gold forecast
Comex Gold ( xauusd ) price trading at 1195$ . Yesterday it tested 1207$ . It could not cross our yesterday’s hurdle of 1208$ . Today again it has a good resistance on daily chart at 1208$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1217$ – 1226$ 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 weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.70$ . It was resisting since yesterday and crashed last night . A good hurdle on daily chart stands at 17$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 17.22$ – 17.48$ 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 weak for now .
We have Consumer sentiment and retail sales data from US today . So trade lite .
More will update to our trading signals subscribers .