Gold forecast
Comex Gold ( xauusd ) price trading at 1267$ . Its trading flat since morning . A good support on daily technical chart stands at 1258$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1250$ – 1242$ today .
A good resistance on daily technical chart stands at 1273$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower in xauusd prices upto 1281$ – 1288$ today .
Gold forecast conclusion : Today US is closed due to Memorial day . So expect slow movement today .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.35$ . A good base level on daily technical chart stands at 17.20$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect some consolidation in xagusd upto 17$ – 16.80$ today .
A good hurdle on daily technical chart stands at 17.55$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some rise in xagusd prices upto 17.80$ – 18$ today .
Silver forecast conclusion Comex xagusd trend is flat to positive for now .
US and UK are closed today . So market can be range bound . Trade with strict stoploss .
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