Daily Gold forecast update
Gold ( Xau/Usd ) prices trading slightly higher from yesterday . Comex gold prices trading at 1177.50$ thanks to weak building permits data from US it sustained on higher levels despite testing almost our support at 1165$ . It made low of 1167$ and fired from there all the way to 1180$ . Today gold price has a resistance at 1184$ once market break this and sustain above our technical resistance then expect fire upto 1192$ – 1200$ today .
If gold price click our technical support at 1165$ and sustain below our major support today then expect market to correct upto 1155$ – 1145$ today .
Daily gold forecast conclusion : Today no major data from US except crude oil inventories and trend is positive for now in gold . So expecting some upside in gold today . Avoid selling trade till our technical support is holding .
Daily Silver forecast update
Silver ( Xag/Usd ) prices trading flat at 15.87$ since yesterday its trading in this range . A good resistance in comex silver at 16.11$ once it break and sustain above our today’s silver resistance then expect firing upto 16.35$ – 16.55$ today
If silver price click our technical support today at 15.60$ and sustain below our daily support today then expect market to tank upto 15.30$ – 15.05$ today
Daily silver forecast conclusion : Silver trend is flat for now
Daily Gold mcx levels
Support : 27020
Resistance : 27250
Trend : Positive
Daily Silver mcx levels
Support : 36650
Resistance : 37500
Trend Flat
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