Gold forecast
Comex Gold ( xauusd ) price trading at 1226$ . It had made low of 1220$ yesterday and then reverted back till 1230$ . Now again it came in middle of high and low of yesterday . A good support on daily chart stands at 1218$ . If trader breaks this base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1208$ – 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 test upto 1246$ – 1254$ today .
Gold forecast conclusion : Comex xauusd trend is flat to weak for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.92$ . Yesterday it tested 17.75$ and didnt look back since then . A good base level on daily chart stands at 17.70$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver price to test upto 17.50$ – 17.30$ today .
A good hurdle on daily chart stands at 18.10$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to fire upto 18.32$ – 18.55$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
More will update to our trading signals subscribers .