Gold forecast
Comex Gold ( xauusd ) price trading at 1225$ . It crashed yesterday and made severe lows and impact on buyer’s pocket . A good support on daily technical chart stands at 1218$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1209$ – 1200$ today .
A good resistance on daily technical chart stands at 1232$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in xauusd prices upto 1240$ – 1248$ today .
Gold forecast conclusion : Comex xauusd trend is weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.10$ . Yesterday it crashed from 16.60$ till 16.15$ . It eaten our positional signal stoploss and we hit our big stop almost after an year . A good base level on daily technical chart stands at 15.90$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 15.70$ – 15.50$ today .
A good hurdle on daily chart stands at 16.32$ . If traders take this hurdle out and manage to sustain trade below our support today . Then expect some recovery in xagusd prices upto 16.55$ – 16.80$ today .
Silver forecast conclusion : Comex xagusd trend is weak for now
Read our yesterday’s trend and levels here
More will update to our trading signals subscribers
[…] Read our yesterday’s forecast here […]