Gold forecast
Comex Gold ( xauusd ) price trading at 1265$ . Its trading flat to weak since yesterday . A good support on daily technical chart stands at 1255$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1247$ – 1240$ today .
A good resistance on daily technical chart stands at 1272$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in xauusd prices upto 1280$ – 1288$ today .
Gold forecast conclusion : Comex xauusd trend is flat to weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.85$ . Its crashed since yesterday and its making lows and trading near lowest point of the day . A good hurdle on daily technical chart stands at 17.05$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in xagusd prices upto 17.28$ – 17.54$ today .
A good base level on daily technical chart stands at 16.65$ . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 16.42$ – 16.20$ today .
Silver forecast conclusion : Comex xagusd trend is weak for now .
Read our yesterday’s forecast and technical levels here
More will update to our trading signals subscribers .
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