Gold forecast
Comex Gold ( xauusd ) price trading at 1251$ . 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 1238$ – 1230$ today .
A good resistance on daily technical chart stands at 1260$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in xauusd prices upto 1268$ – 1274$ today .
Gold forecast conclusion : Comex xauusd trend is flat to positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.87$ . Its trading nearly highest point of the day . A good hurdle on daily technical chart stands at 17.05$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power in xagusd prices upto 17.30$ – 17.50$ today .
A good base level on daily technical chart stands at 16.50$ . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 16.30$ – 16.05$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
We have US GDP numbers today . Stay cautious .
Read our yesterday’s forecast here
More will update to our trading signals subscribers .
[…] Read our yesterday’s forecast here […]