Gold forecast
Yesterday gold ( xau/usd ) retraced back from 1169$ to 1155$ odd range and now trading at 1155$ , a good support in gold prices at 1148$ once market break this and sustain below this intraday technical support then expect gold to correct upto 1140$ – 1131$ today
If comex gold price click our intraday resistance at 1171$ and sustain above our technical resistance then expect market to fire upto 1180$ – 1191$ today
Gold forecast conclusion : Comex gold trend is positive for now but profit booking not ruled out so avoid any fresh long at these levels
Silver forecast
Silver ( xag/usd ) price trading at 15.75$ a good resistance in comex silver today at 16.11$ once market break this and sustain above our technical resistance then expect silver to fire upto 16.40$ – 16.70$ today
If comex silver price click our technical support at 15.40$ and sustain below our intraday support today then expect silver to tank upto 15.05$ – 14.80$ today
Silver forecast conclusion : Comex silver trend is positive for now but avoid any fresh long since market is under pressure
More will update to our subscribers