Gold update
Comex gold ( xauusd ) tanked yesterday again after our sell call initiated at 1132$ . Our target was 1125$ and it tanked till 1118$ . Currently trading at 1120$ . Today is big day for gold as we have major data lineup today . We have Fed chairman testifies , ADP nonfarm employment change ( Oct ) . We have Services PMI ( Oct ) . We have ISM Non manufacturing PMI ( oct ) . These are major data today which would effect market .
For today xauusd price has a good support at 1108$ once market break this and sustain below our intraday support then expect market to correct upto 1100$ – 1090$ today .
If xauusd ( gold ) price click our intraday resistance at 1130$ and sustain above our this level then expect market to test upto 1141$ – 1150$ today .
Gold update conclusion : Gold trend is still weak so avoid any major buying trade for now .
Silver update
Comex silver ( xagusd ) price trading lower today at 15.25$ . A good support today stands at 15.10$ once market break this and sustain below this level then expect market to test upto 14.90$ – 14.70$ today .
If silver price click our intraday resistance at 15.50$ and sustain above our intraday resistance today then expect a favoring for bulls market upto 15.70$ – 15.92$ today .
Silver update conclusion : Silver trend is weak for now , Avoid any major buy trade .
More will update to our subscribers