Gold forecast
Comex Gold ( xauusd ) price trading at 1209$ . Yesterday it fired from 1196$ till 1216$ . It fired due to news that Iran fired a mid range missile . A good resistance on daily chart stands at 1218$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1226$ – 1234$ today .
A good support on daily chart stands at 1198$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1190$ – 1181$ today .
Gold forecast conclusion : Comex xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price fired from 17.20$ till 17.55$ yesterday . Currently prices are trading at 17.45$ . A good hurdle on daily chart stands at 17.65$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to silver buyers upto 17.90$ – 18.15$ today .
A good base level on daily chart stands at 17.20$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 17$ – 16.70$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
We have three major events today from US . Non farm payroll , Manufacturing numbers and Fed decision on interest rates . So stay very cautious .
More will update to our trading signals subscribers .