Gold forecast
Comex Gold ( xauusd ) price crashed last night and we fetched good profits in our sell signal last night . A good support on daily chart stands at 1234$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1227$ – 1220$ today .
A good resistance on daily chart stands at 1252$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to fire upto 1261$ – 1270$ today .
Gold forecast conclusion : Comex xauusd trend is weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 18.29$ . It did not crash yesterday nor fired . Its trading in a very small range since monday . A good base level on daily chart stands at 18.10$ . If traders manage to slip price below this level and manage to sustain trade beneath this base . Then expect more pressure on silver price upto 17.90$ – 17.70$ today .
A good hurdle on daily chart stands at 18.55$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to fire upto 18.78$ – 18.99$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
More will update to our trading signals subscribers .