Gold forecast
Comex Gold ( xauusd ) price trading at 1223$ . It crashed from 1245$ in single day . Currently its trading in bear’s grip . A good support on chart stands at 1217$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1208$ – 1200$ today .
A good resistance on daily chart stands at 1232$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1241$ – 1250$ today .
Gold forecast conclusion : Comex xauusd trend is weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.56$ . It also suffered bears attack after testing 17.80$ . Its trading almost at lowest point of the day . A good base level on daily chart stands at 17.40$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect silver prices to test upto 17.20$ – 17$ today .
A good hurdle on daily chart stands at 17.85$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 18.05$ – 18.30$ today .
Silver forecast conclusion : Comex xagusd trend is weak for now .
More will update to our trading signals subscribers .