Gold analysis
Comex Gold ( xauusd ) price trading at 1321$ , its trading higher due to hurricane ‘ Harvey ‘ in US which is causing lots of damage specially in texas and North Korea missile test . A good resistance on daily chart stands at 1328$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in xauusd prices upto 1336$ – 1342$ today .
A good support on daily chart stands at 1312$ , if traders take this base out and manage to sustain trade below our support today , then expect more pressure in xauusd prices upto 1308$ – 1300$ today .
Gold analysis conclusion : Comex xauusd trend is positive for now .
Silver analysis
Comex Silver ( xagusd ) prices firing today at 17.55$ , market is going in vertical upside due to fundamental reasons such as North Korea and hurricane in US . There is not much technical trade would do as many false break down and breakout are occurring . A good hurdle on daily chart stands at 17.80$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in xagusd upto 18$ – 18.22$ .
A good base level on daily chart stands at 17.30$ , if traders take this base out and manage to sustain trade below our support today . Then expect some pressure on this precious metal upto 17.05$ – 16.80$ .
Silver analysis conclusion : Comex xagusd trend is positive for now .
More will update to our trading signals subscribers .