Gold forecast
Comex Gold ( xauusd ) price trading at 1275$ . Since yesterday its on steroids as it fired pretty hard from 1255$ range . A good support on daily technical chart stands at 1266$ . If traders manage to break this level and sustain trade beneath our support today . Then expect some consolidation in prices upto 1257$ – 1247$ today .
A good resistance on daily technical chart stands at 1282$ today . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to gold buyers upto 1290$ – 1299$ today .
Gold forecast conclusion : Comex Gold trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 18.30$ . It also got a big jump last night in US trading session . A good base level on daily chart stands at 18$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect some pressure in silver prices upto 17.80$ – 17.60$ today .
A good hurdle on daily chart stands at 18.55$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to silver buyers upto 18.70$ – 18.99$ today .
Silver forecast conclusion : Comex Xagusd trend is positive for now .
We have President Trump speech today . Keep an eye on that .
Our yesterday’s trading levels can be seen by clicking here
More will update to our trading signals subscribers .
[…] Read our yesterday’s forecast and technical levels here […]