Gold forecast
Comex Gold ( xauusd ) price crashed last night and made low of 1245$ . We enjoyed profits as we were in sell . It came back after our target and currently trading at 1257$ . A good base level on daily technical chart stands at 1242$ . If traders breaks this major base and manage to sustain trade below our intraday support today . Then expect more pressure in gold prices upto 1234$ – 1226$ today .
A good resistance on daily chart stands at 1266$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to gold buyers upto 1274$ – 1281$ today .
Gold forecast conclusion : Comex xauusd trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.93$ . It also made low near 17.70$ and our subscribers booked 80-90 pips profit in that trade . A good base level on technical chart stands at 17.70$ . If traders breaks this major base and manage to sustain trade beneath our support today . Then expect more pressure in silver prices and it may test 17.50$ – 17.30$ today .
A good hurdle on technical daily chart stands at 18.16$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to buyers upto 18.35$ – 18.55$ today .
Silver forecast conlcusion : Comex xagusd trend is flat for now .
More will update to our trading signals subscribers .
For yesterday’s technical levels click here
[…] Our yesterday’s trading levels can be seen by clicking here […]