Gold forecast
Comex Gold ( xauusd ) price trading at 1203$ . It crashed from 1215-16$ level as expected . Our subscribers had a sell last night and booked profit , more on this in next post . Dollar index advanced later and plunged all precious metals. Currently a good support on daily chart stands at 1190$ . If trader break this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1182$ – 1174$ today .
A good resistance on daily xauusd chart stands at 1217$ . If trader break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1228$ – 1237$ today .
Gold forecast conclusion : Comex Xauusd trend is weak for now . Avoid major buying in precious metals. Do not buy for now.
Silver forecast
Comex Silver ( xagusd ) price trading at 17.02$ . It just snicked below 17$ and flirting with 17$ for now . A good base level on daily chart stands at 16.88$ . If trader break this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 16.65$ – 16.43$ today .
A good hurdle on daily chart stands at 17.25$ . If trader break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 17.47$ – 17.70$ today .
Silver forecast conclusion : Comex xagusd trend is weak for now . Avoid any major buy for now.
More will update to our trading signals subscribers .
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