Weekly Gold forecast
Last week Comex Gold ( xauusd ) price fired from 1210$ odd range till 1245$ . We enjoyed profits as our positional signal fetched us approx 30$ profit in this run . Finally it closed at 1233$ giving some consolidation from its peak . A good hurdle on weekly chart stands at 1261$ . If trader breaks this major hurdle and manage to close above our resistance this week . Then expect gold prices to test upto 1290$ – 1322$ this week .
A good base level on weekly chart stands at 1200$ . If trader breaks this major base level and manage to close beneath our support this week . Then expect gold price to test upto 1160$ – 1120$ upcoming week .
Weekly Gold forecast conclusion : Comex Gold trend is positive for upcoming week .
Weekly Silver forecast
Last week Comex Silver ( xagusd ) price also tested near 18$ . It almost closed on higher point of the week . A good resistance on weekly chart stands at 18.40$ . If trader breaks this major hurdle and manage to sustain trade above our resistance this week . Then expect silver prices to fire upto 18.90$ – 19.30$ this week .
A good support on weekly chart stands at 17.40$ . Once trader break this major base level and manage to close beneath our support this week . Then expect silver price to test upto 17$ – 16.60$ this week .
Weekly Silver forecast conclusion : Comex silver trend is positive for upcoming week .
More will in daily forecast update .