Gold forecast
Comex Gold ( xauusd ) price trading at 1280$ . Its trading in a small range since yesterday . A good support on daily technical chart stands at 1269$ . If traders breaks this major base and manage to sustain trade below this support level . Then expect more pressure from gold bears upto 1260$ – 1250$ today .
A good resistance on daily technical chart stands at 1290$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to buyers upto 1299$ – 1308$ today .
Gold forecast conclusion : Comex gold trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) price cracked below 17.90$ last night but could not sustain it . Currently its trading below 18$ comfortably . A good hurdle on daily chart stands at 18.22$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some breather to silver buyers upto 18.45$ – 18.70$ today .
A good base level on daily technical chart stands at 17.70$ . If traders breaks this major base and manage to sustain trade beneath our support today . Then expect more pressure in silver prices upto 17.50$ – 17.30$ today .
Silver forecast conclusion : Comex silver trend is flat for now .
Read our yesterday’s levels and forecast here
More will update to our trading signals subscribers .