Silver forecast
Comex Silver ( xagusd ) price trading at 16.95$. Yesterday it tested 17.33$ which was just inch away from our signal’s stoploss. After that it crashed beautifully and our signals subscribers enjoying profits, target is yet to come. A good hurdle on daily technical chart now stands at 17.12$. If traders break this major hurdle and manage to sustain trade above our resistance today. Then expect silver price to test upto 17.35$ – 17.56$ today .
A good base level on daily silver chart stands at 16.84$. If trader break this major base and manage to sustain trade beneath our support today. Then expect silver price to test upto 16.62$- 16.40$ today.
Silver forecast conclusion : Comex xagusd trend is weak for now. Avoid any major buy position as market is looking weak. Take extra caution while trading as market has crashed pretty bad since yesterday. Watch out major support and avoid taking any sell near support as it may show some bounce near support.
Gold forecast
Comex Gold ( xauusd ) price trading at 1201$. Yesterday it crashed from 1216$ and our subscribers enjoyed profit as we sold this precious metal . A good support on daily gold chart stands at 1190$. If trader break this major base level and manage to sustain trade beneath our support today. Then expect gold prices to test upto 1182$ – 1175$ today.
A good resistance on daily chart stands at 1208$. If trader break this major hurdle and manage to sustain trade above our resistance today. Then expect gold price to test upto 1218$ – 1226$.
Gold forecast conclusion: Comex xauusd trend is weak for now. Avoid any major buy for now as market may tank further. Avoid selling near our support as it may bounce a little from support and it could be bad trade. Use strict stoploss in every position.
Sign up for our weekly newsletter to get weekly forecast and analysis. Its free sign up here
Follow us on twitter
More will update to our trading signals subscribers.