Gold forecast
Comex Gold ( xauusd ) price trading at 1149$ . Since yesterday its showing some momentum towards buyers but volumes are still very low due to New year . Its just one more trading session left before we enter in 2017 . A good resistance on daily chart stands at 1161$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1170$ – 1178$ today .
A good support on daily chart stands at 1134$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1125$ – 1117$ today .
Gold forecast conclusion : Comex Xauusd trend is flat to positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.16$ . A good base level on daily chart stands at 15.90$ . If traders break this major base and manage to sustain trade beneath our support today . Then expect silver prices to test upto 15.70$ – 15.50$ today .
A good hurdle on daily chart stands at 16.30$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 16.52$ – 16.75$ today .
Silver forecast conclusion : Comex Xagusd trend is flat to positive for now .
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