Gold forecast
Comex Gold ( xauusd ) price trading at 1261$ . It fired till 1263$ and still trading in that range . We enjoyed last night’s rise in xauusd prices as our buy signal initiated at 1255$ . A good resistance on daily technical chart stands at 1272$ , If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to xauusd buyers upto 1280$ – 1287$ today .
A good support on daily technical chart stands at 1252$ , If traders take this support out and manage to sustain trade below our support today . Then expect some consolidation in gold prices upto 1245$ – 1238$ today .
Gold forecast conclusion : Comex xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.14$ . Yesterday it gave a good push and our positional signal delivered 250 pips profits . A good hurdle on daily technical chart stands at 17.32$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in xagusd prices upto 17.54$ – 17.76$ today .
A good base level on daily xagusd technical chart stands at 16.90$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure upto 16.70$ – 16.50$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
Read our yesterday’s levels and forecast here
More will update to our trading signals subscribers .
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