Gold forecast
Comex Gold ( xauusd ) price fired again yesterday and tested near 1290$ . Currently its trading at 1287$ . A good base level on technical daily chart stands at 1275$ . If traders unseat this major base and manage to sustain trade beneath our support today . Then expect some more pressure in prices upto 1265$ – 1255$ today .
A good resistance on daily chart stands at 1291$ . If traders manage to break this hurdle and continue trade above our resistance today . Then expect more firepower to gold buyers upto 1299$ – 1307$ today .
Gold forecast conclusion : Comex gold trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price also joined the rush and tested 18.50$ . A good hurdle still stands at 18.55$ . Once silver bulls take this hurdle out and continue trading above our resistance today . Then expect more firepower in prices upto 18.80$ – 19$ today .
A good base level on daily technical chart stands at 18.25$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect some correction in silver prices upto 18.04$ – 17.80$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
We have consumer sentiment and unemployment claims data today .
Read our yesterday’s forecast and technical levels here
More will update to our trading signals subscribers .
[…] Read our yesterday’s forecast here […]