Gold update
Comex gold ( xauusd ) price trading at 1291$ , its trading in slightly positive zone as euro firing back on German sentiment and sign of breaking political deadlock . A good support on daily chart stands at 1284$ , if traders cut through this base and manage to sustain price below this level . Then expect more pressure on this major commodity upto 1277$ – 1270$ today .
A good resistance on daily chart stands at 1301$ , if traders take this hurdle out and manage to sustain trade above our resistance today , then expect fireworks in this precious metal upto 1308$ – 1317$ .
Gold update conclusion : Comex gold trend is flat to positive for now .
Silver update
Comex silver ( xagusd ) price trading at 17.05$ , A good base level on daily technical chart stands at 16.88$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major commodity upto 16.70$ – 16.50$ today .
A good hurdle on daily chart stands at 17.28$ , if traders cut through this hurdle and manage to sustain trade above our resistance . Then expect good firepower in this precious metal upto 17.54$ – 17.77$ .
Silver update conclusion : Comex silver trend is flat to positive for now .
Weekly analysis and key levels of precious metals can be seen here
More will update to our trading signals subscribers .