Gold forecast
Comex Gold ( xauusd ) price trading at 1245$ . It crashed yesterday and made low near 1241$ . 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 flat for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.45$ . Last night it tested near 16.38$ but could not sustain on lower levels . A good base level on daily technical chart stands at 16.30$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 16.10$ – 16$ today .
A good hurdle on daily technical chart stands at 16.55$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some recovery in xagusd prices upto 16.77$ – 16.99$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
Read our yesterday’s levels and trend here
More will update to our trading signals subscribers .
[…] Read our yesterday’s forecast and levels here […]