Gold forecast
Comex Gold ( xauusd ) price trading at 1252$ . It opened slightly lower and trading in lower zone since morning . A good support on daily technical chart stands at 1245$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1237$ – 1230$ today .
A good resistance on daily technical chart stands at 1266$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in xauusd prices upto 1274$ – 1280$ today .
Gold forecast conclusion : Comex xauusd trend is flat to weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.65$ . Its trading flat to lower since morning . A good base level on daily technical chart stands at 16.50$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 16.30$ – 16.05$ today .
A good hurdle on daily technical chart stands at 16.80$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in xagusd prices upto 17$ – 17.20$ today .
Silver forecast conclusion : Comex xagusd trend is flat to weak for now .
Read our weekly forecast and levels here
More will update to our trading signals subscribers .
[…] Read our yesterday’s forecast and levels here […]