Gold forecast
Comex Gold ( xauusd ) price trading at 1186$ . Yesterday it started firing from 1175$ level . Our buy signal initiated at 1178$ and we booked profits at 1184$ . A good support on daily chart stands at 1175$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1167$ – 1160$ today .
A good resistance on daily chart stands at 1193$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1200$ – 1208$ today .
Gold forecast conclusion : Comex Xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 16.60$ . It tested 16.70$ and then came back approx 10 cents from its peak . A good hurdle on daily chart stands at 16.82$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 17.02$ – 17.24$ today .
A good base level on daily chart stands at 16.45$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 16.22$ – 16$ today .
Silver forecast conclusion : Comex Xagusd trend is positive for now .
More will update to our trading signals subscribers