Gold forecast
Comex Gold ( xauusd ) price trading at 1254$ . Its trading pretty weak since last friday night . It lost all gains and trading in negative zone since then . A good support on technical chart stands at 1247$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1240$ – 1232$ today .
A good resistance on daily technical chart stands at 1263$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to buyers upto 1270$ – 1277$ today .
Gold forecast conclusion : Comex gold trend is flat to weak for now .
Silver technical levels
Comex Silver ( xagusd ) price crashed last friday as it gave all the downside which was due last week . Currently its flirting with 18$ . A good base level on technical chart stands at 17.70$ . If traders unseat this base and manage to sustain trade beneath our support today . Then expect another round of panic selling in silver prices upto 17.50$ – 17.30$ today .
A good hurdle on technical daily chart stands at 18.20$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some recovery upto 18.45$ – 18.70$ today .
Silver forecast conclusion : Comex silver trend is flat to weak for now .
More will update to our trading signals subscribers .
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