Gold forecast
Comex Gold ( xauusd ) price trading at 1219$ . It fired last night and currently trading in positive zone . A good support on daily technical chart stands at 1208$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1200$ – 1192$ today .
A good resistance on daily technical chart stands at 1226$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more recovery in xauusd prices upto 1233$ – 1240$ today .
Gold forecast conclusion : Comex xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 15.81$ . It made high of 15.98$ in morning session and now retracing back . A good base level on daily technical chart stands at 15.70$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xagusd prices today upto 15.50$ – 15.30$ today .
A good hurdle on daily technical chart stands at 16$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some recovery in xagusd prices upto 16.22$ – 16.45$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
We have Fed chairman speech today . Stay cautious .
Read our yesterday’s forecast and levels here
More will update to our trading signals subscribers .
[…] Read our yesterday’s market trend and levels here […]