Gold forecast
Comex Gold ( xauusd ) price trading at 1246$ . A good base level on technical chart stands at 1238$ . If traders breaks this major base and continue trading below this level for some time . Then expect gold sellers to take charge and drag price down upto 1231$ – 1224$ today .
A good resistance on technical chart stands at 1255$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold buyers to resume their up move and prices may test upto 1262$ – 1270$ today .
Gold forecast conclusion : Comex xauusd trend is flat to weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 18.18$ . Its trading flat to weak since morning . A good base level on technical chart stands at 17.98$ . If traders breaks this major base and manage to sustain trade beneath our support today . Then expect silver prices to test upto 17.75$ – 17.52$ today .
A good hurdle on daily chart stands at 18.42$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower in silver prices upto 18.65$ – 18.88$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
More will update to our trading signals subscribers .