Gold forecast
Comex Gold ( xauusd ) price trading at 1264$ . Its trading in a narrow range since yesterday without any major breakout or trend . A good base level on daily technical chart stands at 1257$ . If traders breaks this major base and manage to sustain trade beneath our support today . Then expect gold price to test upto 1250$ – 1242$ today .
A good hurdle on daily chart stands at 1272$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some breather to test upto 1280$ – 1288$ today .
Gold forecast conclusion : Comex gold trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) price trading weaker as it made lows yesterday . Currently prices are trading at 17.42$ . A good resistance on technical chart stands at 17.65$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 17.76$ – 17.99$ today .
A good support on technical xagusd chart stands at 17.25$ . If traders breaks this major hurdle and manage to sustain trade below our support today . Then expect silver prices to test upto 17.05$ – 16.80$ today .
Silver forecast conclusion : Comex xagusd trend is flat to weak for now .
Read our yesterday’s levels and forecast here
More will update to our trading signals subscribers .
[…] Read our yesterday’s forecast here […]