Gold forecast
Comex Gold ( xauusd ) price trading at 1253$ . It opened higher and sustaining on higher levels since early morning . A good support on daily technical chart stands at 1245$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1237$ – 1230$ today .
A good resistance on daily gold chart stands at 1262 . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some some rise in xauusd prices upto 1270$ – 1278$ today .
Gold forecast conclusion : Comex xauusd trend is flat to positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.64$ . It also opened higher and sustaining on higher levels . A good hurdle on daily technical chart stands at 16.75$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in xagusd prices upto 16.99$ – 17.20$ today .
A good base level on daily technical chart stands at 16.45$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect some pressure in xagusd prices upto 16.22$ – 16.20$ today .
Silver forecast conclusion : Comex xagusd trend is flat to positive for now .
Read our yesterday’s forecast and levels here
More will update to our trading signals subscribers .
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