Gold forecast
Comex Gold ( xauusd ) price trading at 1204$ . It crashed further yesterday .A good base level on daily chart stands at 1197$ today . If bears breaks this major base level and manage to sustain trade beneath our support today . Then expect more crack in gold prices upto 1191$ – 1184$ today .
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 some breather in prices upto 1224$ – 1232$ today .
Gold forecast conclusion : Comex gold trend is weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.15$ . Its testing lows every day since monday . A good base level on daily chart stands at 16.90$ . If traders takes this support out and manage to sustain trade beneath this level . Then expect more power to bears upto 16.70$ – 16.50$ today .
A good hurdle on daily chart stands at 17.45$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to silver bulls upto 17.70$ – 17.92$ today .
Silver forecast conlcusion : Comex silver trend is weak for now .
We have ECB decision on interest rate today . Keep an eye .
More will update to our signals subscribers .