Gold forecast
Comex Gold ( xauusd ) price trading at 1246$ . It crashed yesterday and gave a low of nearly 1242 last night . A good support on daily technical chart stands at 1237$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1230$ – 1222$ today .
A good resistance on daily technical chart stands at 1255$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in xauusd prices upto 1262$ – 1270$ today .
Gold forecast conclusion : Comex xauusd trend is weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.58$ . Last night it tested near 16.45$ and then bounced back . A good base level on daily technical chart stands at 16.40$ . Once traders take this base out and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 16.20$ – 16$ today .
A good hurdle on daily technical chart stands at 16.70$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today , then expect some recovery in xagusd prices upto 16.92$ – 17.15$ today .
Silver forecast conclusion : Comex xagusd trend is flat to weak for now .
Read our yesterday’s forecast and levels here
More will update to our trading signals subscribers .
what about the silver today up are down the present movement is 16:550 to 16:555
please read the forecast and levels carefully
[…] Read full forecast and levels for today here […]