Gold analysis
Comex Gold ( xauusd ) prices trading higher today since opening . Currently prices are flirting with 1299$ and market trying to break 1300$ . A good base level on daily chart stands at 1288$ , if traders breaks this major base level and manage to sustain trade below our support today , then expect more pressure in this commodity prices upto 1280$ – 1272$ today .
A good resistance on daily chart stands at 1308$ , if traders take this hurdle out and manage to sustain trade above our resistance today , then expect more muscle to this precious metal upto 1317$ – 1327$ .
Gold analysis conclusion : Comex xauusd trend is positive for now .
Silver analysis
Comex Silver ( xagusd ) price trading at 17.16$ , its trading higher today . A good base level on daily chart stands at 16.95$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure in this precious metal upto 16.72$ – 16.51$ today .
A good hurdle on daily chart stands at 17.40$ , if traders take this hurdle out and manage to sustain trade above our resistance today , then expect more firepower upto 17.62$ – 17.84$ today .
Silver analysis conclusion : Comex xagusd trend is positive for now .
More will update to our trading signals subscribers .