Gold forecast
Comex Gold ( xauusd ) price trading at 1238$ . Its trading almost flat since yesterday . A good support on daily chart stands at 1228$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1220$ – 1208$ today .
A good resistance on daily chart stands at 1245$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to fire upto 1252$ – 1259$ today .
Gold forecast conclusion : Comex xauusd trend is flat for now .
Silver forecast
Comex Silver ( xagusd ) also trading flat since yesterday . Currently its flirting with 18$ . 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$ – 17.20$ today .
A good hurdle on daily chart stands at 18.25$ . If trader breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to fire upto 18.50$ – 18.75$ today .
Silver forecast conclusion : Comex xagusd trend is flat for now .
Precious metals seems tired so avoid any major buying and stay cautious if you have any existing buy .
More will update to our trading signals subscribers .