Gold forecast
Comex Gold ( xauusd ) price trading at 1283$ . It cracked last night as it could not sustain above our hurdle . A good support on today’s chart stands at 1278$ . If traders unseat this support and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1271$ – 1266$ today .
A good resistance on daily chart stands at 1292$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower from buyers and it may test gold prices upto 1299$ – 1307$ today .
Gold forecast conclusion : Comex xauusd trend is flat to weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 18.38$ . It tested 18.33$ and now trying to recover . A good base level on today’s technical chart stands at 18.20$ . If traders breaks this major base and manage to sustain trade beneath our support today . Then expect more pressure in silver prices upto 18$ – 17.80$ today .
A good hurdle on daily chart stands at 18.55$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to silver buyers upto 18.77$ – 18.99$ today .
Silver forecast conclusion : Comex xagusd trend is flat to weak for now .
Read our yesterday’s forecast here
More will update to our trading signals subscribers .
[…] Read our yesterday’s forecast here […]