Gold forecast
Comex Gold ( xauusd ) price trading flat at 1233$ . A good support on daily chart stands at 1224$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1217$ – 1209$ today .
A good resistance on daily chart stands at 1242$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to fire upto 1250$ – 1257$ today .
Gold forecast conclusion : Comex xauusd trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.85$ . A good base level on daily chart stands at 17.70$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect silver prices to test upto 17.50$ – 17.30$ today .
A good hurdle on daily chart stands at 18.05$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 18.28$ – 18.54$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
We have monthly factory orders data from US today . Keep an eye .
More will update to our trading signals subscribers .