Gold forecast
Comex Gold ( xauusd ) price trading at 1266$ . It tested some low levels last night and now trying to recover . A good support on daily technical chart stands at 1257$ . If traders breaks this major base and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1250$ – 1242$ today .
A good resistance on daily chart stands at 1274$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to gold bulls upto 1280$ – 1288$ today .
Gold forecast conclusion : Comex xauusd trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.35$ . A good support on daily chart stands at 17.20$ . If traders break this major base and manage to sustain trade beneath our support today . Then expect silver price to test upto 17$ – 16.80$ today .
A good hurdle on daily chart stands at 17.55$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some breather to silver prices upto 17.77$ – 17.99$ 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 .