Gold forecast last week june 2017

Weekly Gold forecast

Last week comex gold ( xauusd ) prices crashed from 1290$ range till 1241$ . It finally settled at 1256$ giving a good bounce from lowest point of the week . A good resistance on weekly technical chart stands at 1290$ . If traders breaks this major hurdle and manage to close above our resistance this week . Then expect some recovery in xauusd prices upto 1320$ – 1355$ .

A good support on weekly technical chart stands at 1230$ . If traders breaks this major base and manage to close below our support this week . Then expect more pressure in xauusd prices upto 1200$ – 1170$ today .

Weekly gold forecast conclusion : Comex xauusd trend is flat to weak .

Weekly Silver forecast

Last week comex silver ( xagusd ) price tested 16.40$ and our positional subscribers minted more than 250 pips profit in xagusd . A good base level on weekly technical chart stands at 16.20$ . If traders breaks this major base and manage to close below our support this week . Then expect more pressure in xagusd prices upto 15.70$ – 15.20$ this week .

A good hurdle on daily technical chart stands at 17.20$ . If traders breaks this major hurdle and manage to close above our resistance this week . Then expect more firepower in xagusd prices upto 17.70$ – 18.30$ this week .

Weekly silver forecast conclusion : Comex xagusd trend is flat to weak .

We have GDP numbers from US and UK this week . Stay cautious .

Read our last week’s forecast here

More will update in daily forecast update .