Gold forecast
Comex Gold ( xauusd ) price trading at 1262$ . It tested 1259$ twice since yesterday but came back after that . A good support on daily technical chart stands at 1254$ . Once traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1247$ – 1240$ today .
A good resistance on daily technical chart stands at 1272$ . Once 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 : Comex xauusd trend is flat to weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.27$ . It tested 17.20$ and came back . 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 more firepower to xagusd prices upto 17.80$ – 17.99$ today .
A good base level on daily technical chart stands at 17$ . Once trader breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 16.80$ – 16.55$ today .
Silver forecast conclusion : Comex xagusd trend is flat to weak for now .
Read our yesterday’s forecast and levels here
More will update to our trading signals subscribers .
[…] Read our yesterday’s forecast and levels here […]