Gold forecast
Comex Gold ( xauusd ) price trading pretty weak today as it crashed and tested near 1270$ . Currently prices are trading at 1271$ . A good base level on daily technical chart stands at 1262$ . If traders take this support out and manage to sustain trade beneath our support . Then expect another round of fresh selling in gold prices upto 1255$ – 1247$ today .
A good resistance on daily technical chart stands at 1280$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1286$ – 1293$ today .
Gold forecast conclusion : Comex xauusd trend is weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.80$ . It made a beautiful low of 17.62$ in early session fetching us great profits , will update on this in next post . Currently its trading at 17.80$ . A good base on today’s chart stands at 17.55$ . If traders take this support out and manage to sustain trade beneath our support today . Then expect more pressure in silver prices upto 17.30$ – 17.05$ today .
A good hurdle on today’s chart stands at 18.05$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in silver prices upto 18.30$ – 18.54$ today .
Silver forecast conclusion : Comex xagusd trend is weak for now .
Read our weekly forecast and levels here
More will update to our trading signals subscribers .