Gold forecast

Comex Gold ( xauusd ) price trading at 1239$ . Its trading lower since last night and tested near 1237$ . A good support on daily technical chart stands at 1228$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1220$ – 1208$ today .

A good resistance on daily technical chart stands at 1245$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some recovery in xauusd prices upto 1252$ – 1260$ today .

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

Silver forecast

Comex Silver ( xagusd ) price trading at 16.22$ . A good base level on daily technical chart stands at 16$ . If traders take this base out and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 15.80$ – 15.60$ today .

A good hurdle on daily technical chart stands at 16.50$ . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more recovery in xagusd prices upto 16.70$ – 16.90$ today .

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

We have ECB decision on interest rate today . Stay cautious .

Read our yesterday’s forecast and levels here

More will update to our trading signals subscribers .

By marafat

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