Gold forecast
Comex Gold ( xauusd ) price trading at 1197$ . Yesterday it crashed further and tested 1193$ . A good support on daily chart stands at 1184$ . If trader breaks this level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1177$ – 1170$ today .
A good resistance on daily chart stands at 1202$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold price to test upto 1209$ – 1217$ today .
Gold forecast conclusion : Comex Xauusd trend is weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.88$ . It crashed beautifully yesterday and our subscribers enjoyed the crash . A good base level on daily chart stands at 16.70$ . If trader breaks this major base and manage to sustain trade beneath our support today . Then expect silver price to test upto 16.50$ – 16.30$ today .
A good hurdle on daily chart stands at 17.05$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver price to test upto 17.28$ – 17.54$ today .
Silver forecast conclusion : Comex Xagusd trend is weak for now .
We have UK GDP numbers today . So keep an eye on that .
More will update to our trading signals subscribers .