Gold forecast
Comex Gold ( xauusd ) price trading at 1221$ . Its trading again in same range since yesterday . A good support on daily technical chart stands at 1217$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1208$ – 1200$ today .
A good resistance on daily technical chart stands at 1228$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some recovery in xauusd prices upto 1234$ – 1242$ today .
Gold forecast conclusion : Comex xauusd trend is flat to weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 15.90$ . It made crazy low near 14.70$ and bounced back from there . A good base level on daily technical chart stands at 15.70$ . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 15.50$ – 15.30$ today .
A good hurdle on daily technical chart stands at 16.20$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some recovery in xagusd prices upto 16.42$ – 16.70$ today .
Silver forecast conclusion : Comex xagusd trend is flat to weak for now .
Read our yesterday’s levels here
More will update to our trading signals subscribers .