Gold forecast
Comex Gold ( xauusd ) price trading at 1142$ . Due to post christmas and pre new year sessions markets volumes are down and its trading in a small range . Yesterday it gave a spike and then rested entire trading session in 6-7$ range . A good support on daily chart stands at 1134$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1127$ – 1120$ today .
A good resistance on daily chart stands at 1151$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold price to test upto 1159$ – 1167$ today .
Gold forecast conclusion : Comex Xauusd trend is flat to positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 15.90$ . A good base level on daily chart stands at 15.66$ . If traders break this major base and manage to sustain trade beneath our support today . Then expect silver price to test upto 15.42$ – 15.20$ today .
A good hurdle on daily chart stands at 16.20$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 16.45$ – 16.70$ today .
Silver forecast conclusion : Comex Xagusd trend is flat for now .
We are on holiday so wont be updating to our subscribers . Its just an update to get a view of market .