Technical analysis gold
Comex gold ( xauusd ) price trading at 1278$ , yesterday it tested 1267$ and then recovered sweetly to test 1281$ . A good support on daily chart stands at 1265$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major commodity upto 1257$ – 1250$ today .
A good resistance on daily chart stands at 1286$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this precious metal upto 1292$ – 1299$ .
Technical analysis gold conclusion : Comex gold trend is flat to positive for now .
Silver analysis
Comex silver ( xagusd ) price trading at 17.13$ , it fired with full guns yesterday and our subscribers minted more than 100 pips in this trade . A good base level on daily chart stands at 16.90$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major commodity upto 16.70$ – 16.50$ today .
A good hurdle on daily chart stands at 17.32$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this precious metal upto 17.55$ – 17.78$
Silver analysis conclusion : Comex silver trend is flat to positive for now .
We have UK’s monetary policy today . Stay cautious .
Read our yesterday’s forecast here
Today’s data can be seen here
More will update to our trading signals subscribers .
[…] Read yesterday’s forecast here […]