Gold forecast
Comex Gold ( xauusd ) price trading at 1254$ . Its trading flat since morning and opened a bit higher . A good base level on daily technical chart stands at 1247$ . If traders take this support out and manage to sustain trade below our support today . Then expect some pressure in gold prices upto 1240$ – 1232$ today .
A good hurdle on daily technical chart stands at 1262$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower in xauusd prices upto 1270$ – 1278$ today .
Gold forecast conclusion : Comex xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.92$ . It opened a little higher today and tested above 17.10$ in early trade . A good hurdle on daily xagusd chart stands at 17.20$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower to silver buyers upto 17.42$ – 17.66$ today .
A good base level on daily xagusd technical chart stands at 16.70$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in silver prices upto 16.50$ – 16.30$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
Read this week forecast and levels here
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