Gold forecast
Comex Gold ( xauusd ) price trading at 1239$ . Its trading lower since last night and tested near 1237$ . A good support on daily technical chart stands at 1228$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1220$ – 1208$ today .
A good resistance on daily technical chart stands at 1245$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some recovery in xauusd prices upto 1252$ – 1260$ today .
Gold forecast conclusion : Comex xauusd trend is flat to weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.22$ . A good base level on daily technical chart stands at 16$ . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 15.80$ – 15.60$ today .
A good hurdle on daily technical chart stands at 16.50$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more recovery in xagusd prices upto 16.70$ – 16.90$ today .
Silver forecast conclusion : Comex xagusd trend is flat to weak for now .
We have ECB decision on interest rate today . Stay cautious .
Read our yesterday’s forecast and levels here
More will update to our trading signals subscribers .
[…] Read our yesterday’s levels and forecast here […]