Gold forecast
Comex Gold ( xauusd ) price trading at 1207$ . It opened higher today and sustaining on higher zone . A good resistance on daily chart stands at 1217$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to fire upto 1226$ – 1234$ today .
A good support on daily chart stands at 1197$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1190$ – 1182$ today .
Gold forecast conclusion : Comex xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.07$ . It also opened higher and sustaining on higher levels since opened early morning . A good base level on daily chart stands at 16.90$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect more pressure in silver price upto 16.70$ – 16.50$ today .
A good hurdle on daily chart stands at 17.30$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to fire upto 17.55$ – 17.80$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
Today we have ECB president speech in evening . Stay cautious .
More will update to our trading signals subscribers .