Gold forecast
Comex Gold ( xauusd ) price trading at 1268$ . It opened slightly higher today and sustaining on slightly positive zone . A good support on daily technical chart stands at 1259$ . 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 chart stands at 1274$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower in xauusd prices upto 1280$ – 1288$ today .
Gold forecast conclusion : Comex xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.46$ . It opened brilliantly positive and sustaining far higher . A good hurdle on daily technical chart stands at 17.55$ . Once trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower in xagusd prices upto 17.80$ – 18$ today .
A good base level on daily technical chart stands at 17.20$ . If traders take this base out and manage to sustain trade below our support today . Then expect some pressure in xagusd prices upto 17$ – 16.80$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
We have personal spending data today . Stay cautious .
Read our yesterday’s levels and forecast here
More will update to our trading signals subscribers .
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