Gold forecast
Comex Gold ( xauusd ) price trading at 1234$ . It opened higher today as we anticipated it could get a higher opening . 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 prices to melt upto 1217$ – 1208$ 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 some bull power upto 1251$ – 1259$ today .
Gold forecast conclusion : Comex gold trend is flat to positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.43$ . It also opened higher but finding it hard to go up . A good hurdle on daily chart stands at 17.55$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some power to silver buyers upto 17.77$ – 17.99$ today .
A good base level on daily chart stands at 17.20$ . If traders breaks this major base level and manage to sustain trade beneath our base today . Then expect more power to silver sellers upto 17$ – 16.80$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
More will update to our trading signals subscribers .