Gold forecast
Comex Gold ( xauusd ) price trading at 1216$ . Yesterday it tested 1198$ and then fired back just after fed announced its not changing interest rate . Currently its trading near highest point of the day . A good resistance on daily chart stands at 1226$ . If trader breaks this major hurdle and manage to sustain trade above our resistance . Then expect gold price to test upto 1234$ – 1242$ today .
A good support on daily chart stands at 1207$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1200$ – 1192$ today .
Gold forecast conclusion : Comex Xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price cracked till 17.35$ last night before fed . Post Fed decision it fired and currently prices are trading at 17.63$ . A good hurdle on daily chart stands at 17.85$ . If trader breaks this hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 18.07$ – 18.28$ today .
A good base level on daily chart stands at 17.30$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 17.05$ – 16.80$ today .
Silver forecast conclusion : Comex Xagusd trend is positive for now .
More will update to our trading signals subscribers .