Gold forecast
Comex Gold ( xauusd ) price trading at 1273$ . Yesterday it had a flat day and prices were in a narrow range whole day . A good support on technical chart stands at 1265 . If traders take this support out and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1260$ – 1254$ today .
A good resistance on daily chart stands at 1282$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1290$ – 1299$ today .
Gold forecast conclusion : Comex xauusd trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.85$ . Yesterday after making lows near 17.62$ . It was also trading in a small range . A good base on daily chart stands at 17.55$ . If traders take this support out and manage to sustain trade beneath our support today . Then expect silver prices to test upto 17.30$ – 17.05$ today .
A good hurdle on daily chart stands at 18.05$ . If traders unseat this hurdle and manage to sustain trade above our resistance today . Then expect some breather for silver buyers upto 18.28$ – 18.54$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
Read our yesterday’s forecast here
More will update to our trading signals subscribers .
[…] Read our yesterday’s forecast here […]