Gold forecast
Comex Gold ( xauusd ) price trading at 1288$ . It opened well and fired in early session , currently prices are trading on highest point . A good resistance on daily technical chart stands at 1300$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower in xauusd prices upto 1308$ – 1317$ today .
A good support on daily technical chart stands at 1275$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect some pressure in xauusd prices upto 1267$ – 1260$ today .
Gold forecast conclusion : Comex xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) prices trading at 17.66$ . It also got a boost from gold fired and its showing good strength since early session . A good hurdle on daily technical chart stands at 17.82$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower in xagusd prices upto 18.05$ – 18.32$ today .
A good base level on daily technical chart stands at 17.40$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect some pressure in xagusd prices upto 17.20$ – 17$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
Read our yesterday’s levels and forecast here
More will update to our trading signals subscribers .