Gold forecast
Comex Gold ( xauusd ) price trading at 1190$ . Its trading higher since yesterday favoring buyers . A good resistance on daily chart stands at 1200$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1198$ – 1206$ today .
A good support on daily chart stands at 1178$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1170$ – 1162$ today .
Gold forecast conclusion : Comex Xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.85$ . Last night it fired and our subscribers booked profits . Today it has a good hurdle on chart at 17.05$ . Once traders take this hurdle out and manage to sustain trade above our resistance today . Then expect silver price to test upto 17.32$ – 17.54$ today .
A good base level on daily chart stands at 16.70$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver prices to test upto 16.51$ – 16.30$ today .
Silver forecast conclusion : Comex Xagusd trend is positive for now .
We have President elect Donald Trump speech tonight . He might give hint about his plans when he take office after 10 days . So stay cautious .
More will update to our trading signal subscribers .