Gold trend
Comex Gold ( xauusd ) price trading slightly lower since last night . Yesterday it tested 1210$ zone and currently its flirting with 1202$ . A good base level on daily chart now stands at 1194$ . If traders breaks this base and manage to sustain trade beneath our support today . Then expect more pressure on gold prices upto 1188$ – 1180$ today .
A good hurdle on daily chart stands at 1209$ now . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some breather to buyers upto 1217$ – 1226$ today .
Gold trend conclusion : Comex gold trend is weak for now .
Silver trend
Comex Silver ( xagusd ) price trading at 16.95$ . Its also trading weaker since last night . A good support on daily chart stands at 16.85$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect more power to silver bears upto 16.65$ – 16.42$ today .
A good resistance on daily chart stands at 17.20$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some breather to silver buyers upto 17.45$ – 17.69$ today .
Silver trend conclusion : Comex xagusd trend is weak for now .
More will update to our trading signals subscribers .