Gold forecast

Comex Gold ( xauusd ) price trading at 1246$ . It crashed yesterday and gave a low of nearly 1242 last night . A good support on daily technical chart stands at 1237$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1230$ – 1222$ today .

A good resistance on daily technical chart stands at 1255$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in xauusd prices upto 1262$ – 1270$ today .

Gold forecast conclusion : Comex xauusd trend is weak for now .

Silver forecast

Comex Silver ( xagusd ) price trading at 16.58$ . Last night it tested near 16.45$ and then bounced back . A good base level on daily technical chart stands at 16.40$ . Once traders take this base out and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 16.20$ – 16$ today .

A good hurdle on daily technical chart stands at 16.70$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today , then expect some recovery in xagusd prices upto 16.92$ – 17.15$ today .

Silver forecast conclusion : Comex xagusd trend is flat to weak for now .

Read our yesterday’s forecast and levels here

More will update to our trading signals subscribers .

By marafat

3 thought on “Gold forecast daily update 20th june 2017”

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