Gold forecast
Comex Gold ( xauusd ) price trading at 1252$ . Yesterday it tested 1260$+ and came back afterwards . Its facing a consolidation face as it jumped from 1230$ zone recently . A good intraday resistance on chart stands at 1266$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to bulls upto 1272$ – 1280$ today .
A good support on daily chart stands at 1247$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect some more downside in gold prices upto 1240$ – 1232$ today .
Gold forecast conclusion : Comex gold trend is flat to weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 18$ . It retracing back from yesterday’s highs but still holding better than xauusd . A good hurdle on daily chart stands at 18.25$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to silver buyers upto 18.47$ – 18.70$ today .
A good base level on daily chart stands at 17.80$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect more downside in prices upto 17.60$ – 17.40$ today .
Silver forecast conclusion : Comex silver trend is flat for now .
More will update to our trading signals subscribers .