Gold forecast
Comex Gold ( xauusd ) price trading at 1285.80$ . Half of the world is close today . But US is still working and will be open in evening . So most probably major move will come in evening after US open . However a good support on technical daily chart stands at 1274$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect some pressure in gold prices upto 1267$ – 1260$ today .
A good resistance on daily technical chart stands at 1292$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower from gold bulls upto 1299$ – 1307$ today .
Gold forecast conclusion : Comex xauusd trend is flat to positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 18.50$ . Its still testing our major hurdle of 18.55$ but not crossing or sustaining . A good hurdle on our technical daily chart stands at 18.70$ . If traders breaks this major hurdle and manage to trade above our resistance today . Then expect more power to buyers upto 18.99$ – 19.20$ today .
A good base level on daily chart stands at 18.30$ . If traders breaks this major base and manage to sustain trade beneath our support today . Then expect some pressure in silver prices upto 18.05$ – 17.80$ today .
Silver forecast conclusion : Comex silver trend is flat to positive for now .
Major movement should be coming in evening . So dont trade big .
Read our yesterday’s forecast here
More will update to our trading signals subscribers .