Gold forecast
Comex Gold ( xauusd ) price tested 1217$ last night and then reverted back . Currently price trading at 1213$ . A good resistance on daily chart stands at 1219$ . If traders break this major hurdle and manage to sustain trade above our resistance then expect gold price to test upto 1227$ – 1236$ today .
A good support on daily chart stands at 1205$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1198$ – 1190$ today .
Gold forecast conclusion : Comex xauusd trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.11$ . A good hurdle on daily chart stands at 17.32$ . If trader break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 17.55$ – 17.77$ today .
A good base level on daily chart stands at 16.90$ . If trader break this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 16.70$ – 16.50$ today .
Silver forecast conclusion : Comex xagusd trend is positive for now .
Today we have some major data from US and UK . So stay cautious .
More will update to our trading signals subscribers .