Gold forecast
Comex Gold ( xauusd ) price trading at 1247$ . It tested above 1250$ last night and came back . A good resistance on daily chart stands at 1258$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold price to test upto 1266$ – 1273$ today .
A good support on daily chart stands at 1238$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1230$ – 1222$ today .
Gold forecast conclusion : Comex xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.56$ . A good base level on daily chart stands at 17.30$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 17.05$ – 16.80$ today .
A good hurdle on daily chart stands at 17.80$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to fire upto 18.05$ – 18.30$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
Today we have Fed chairman’s speech and US unemployment claims . Stay cautious .
More will update to our trading signals subscribers .