Gold forecast
Comex Gold ( xauusd ) price trading at 1292$ . Yesterday it tested nearly 1294$ . A good support on daily technical chart stands at 1287$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1280$ – 1272$ today .
A good resistance on daily technical chart stands at 1302$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower in xauusd prices upto 1308$ – 1316$ today .
Gold forecast conclusion : Comex xauusd trend is flat to positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.70$ . It tested near 17.75$ last night and trading flat since then . A good base level on daily technical chart stands at 17.48$ . Once this base is taken care of by bears and manage to sustain trade below this support today . Then expect more pressure in xagusd prices upto 17.25$ – 17.02$ today .
A good hurdle on daily technical chart stands at 17.85$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more firepower in xagusd prices upto 18.05$ – 18.30$ today .
Silver forecast conclusion : Comex xagusd trend is flat to positive for now .
Read our yesterday’s forecast and levels here
More will update to our trading signal subscribers