Gold forecast
Comex Gold ( xauusd ) price trading at 1253$ . Xauusd prices recovered from 1247$ last night and currently trading on almost same range . A good support on technical daily chart stands at 1242$ . If traders breaks this major base and manage to sustain trade beneath our support today . Then expect gold price to test upto 1234$ – 1226$ today .
A good resistance on technical daily chart stands at 1262$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1271$ – 1279$ today .
Gold forecast conclusion : Comex xauusd trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 18.22$ . Its trading a bit lower than yesterday but it did not crash yet and holding pretty well . A good base level on today’s chart stands at 18$ . If traders breaks this major base and continue trade below this level . Then expect more downside in silver prices upto 17.80$ – 17.60$ today .
A good resistance on daily chart stands at 18.55$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver price to test upto 18.78$ – 18.99$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
For yesterday’s forecast please click here
More will update to our trading signals subscribers .
[…] Read our yesterday’s post by clicking here […]