Gold forecast
Comex Gold ( xauusd ) price trading at 1234$ . Last night it tested 1227$ and then fired back . We had set our sell signal target at 1228$ . Today its showing some strength as its sustaining on higher levels . A good resistance on daily chart stands at 1245$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to fire upto 1253$ – 1261$ today .
A good support on daily chart stands at 1224$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1217$ – 1208$ today .
Gold forecast conclusion : Comex xauusd trend is flat to positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.97$ . It tested 17.88$ last night and came back near 18$ . Its trading in a small range since monday . A good base level on daily chart stands at 17.75$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 17.52$ – 17.30$ today .
A good hurdle on daily chart stands at 18.20$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to fire upto 18.45$ – 18.68$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
More will update to our trading signals subscribers