Gold forecast
Comex Gold ( xauusd ) price trading at 1232$ . Its trading in a small range since yesterday . A major resistance on daily chart stands at 1242$ . If trader breaks this major hurdle and manage to sustain trade above our resistance . Then expect gold prices to test upto 1251$ – 1259$ today .
A good support on daily chart stands at 1224$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1217$ – 1208$ today .
Gold forecast conclusion : Comex xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.68$ . Its trading in same narrow range since yesterday . A good base level on daily chart stands at 17.48$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 17.25$ – 17.04$ today .
A good hurdle on daily chart stands at 17.92$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver price to test upto 18.12$ – 18.35$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
More will update to our trading signals subscribers .