Gold forecast
Comex Gold ( xauusd ) price trading at 1229$ . Last night it tested near 1219$ and then it reverted back . A good support on daily chart stands at 1218$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1209$ – 1200$ today .
A good resistance on daily chart stands at 1238$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold price to fire upto 1244$ – 1251$ today .
Gold forecast conclusion : Comex xauusd trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.88$ . A good base level on daily chart stands at 17.65$ . If trader breaks this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 17.42$ – 17.20$ today .
A good hurdle on daily chart stands at 18.05$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 18.30$ – 18.55$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
We have Fed chairman Yellen speech and US CPI data . So stay cautious .
More will update to our trading signals subscribers .