Gold forecast
Comex Gold ( xau/usd ) price trading at 1230$ today . A good support on daily technical chart stands at 1224$ . If traders take this support out and continue trade below our support today . Then expect more pressure on comex gold prices upto 1217$ – 1208$ today .
A good resistance on daily technical chart stands at 1238$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect breather in comex gold prices upto 1244$ – 1250$ today .
Gold forecast conclusion : Comex xau/usd trend is flat for now .
Silver forecast
Comex Silver ( xag/usd ) price trading at 16.38$ . A good base level on daily technical chart stands at 16.20$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in silver prices upto 16$ – 15.80$ today .
A good hurdle on daily technical chart stands at 16.55$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some powerful recovery in silver prices upto 16.80$ – 17$ today .
Silver forecast conclusion : Comex xag/usd trend is flat for now .
China’s trade balance data came positive and there is no major event today . So follow technical levels while trading .
Read our weekly forecast for this week’s trend and levels . Read here
More will update to our trading signals subscribers .
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