Technical analysis gold silver 30th october 2017

Gold analysis

Comex gold ( xauusd ) price trading at 1270$ , its trading in a small range since morning and not giving any major movement . A good support on daily chart stands at 1262$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major precious metal upto 1255$ – 1247$ today .

A good resistance on daily chart stands at 1278$ , if traders take this hurdle out and manage to sustain trade above our resistance today , then expect good recovery in this precious metal upto 1284$ – 1291$ .

Technical analysis gold conclusion : Despite good personal spending data comex gold trend is flat to positive for now .

Silver analysis

Comex silver ( xagusd ) price trading at 16.73$ , no movement since morning in this major commodity . A good base level on daily chart stands at 16.50$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure on this major commodity upto 16.30$ – 16.05$ .

A good hurdle on daily chart stands at 17.05$ , if traders take this hurdle out and manage to sustain trade above our resistance , then expect good recovery in this precious metal upto 17.30$ – 17.54$ today .

Technical analysis silver conclusion : Silver trend is flat to positive for now .

More will update to our trading signals subscribers .