Gold forecast
Comex Gold ( xauusd ) price fired last night and we enjoyed it as our buy signal initiated at 1234$ . Currently its trading at 1247$ . A good resistance on daily chart stands at 1256$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect more power to gold buyers upto 1265$ – 1272$ today .
A good support on daily chart stands at 1240$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect some consolidation upto 1232$ – 1225$ today .
Gold forecast conclusion : Comex gold trend is positive for now .
Silver forecast
Comex Silver ( xagusd ) price trading at 17.55$ . Its not trading anywhere since it opened yesterday . A good base level on daily chart stands at 17.25$ . If traders breaks this major base level and manage to sustain trade beneath our support today . Then expect some pressure in prices upto 17.02$ – 16.80$ today .
A good hurdle on daily chart stands at 17.77$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 17.99$ – 18.20$ today .
Silver forecast conclusion : Comex silver trend is flat for now .
More will update to our trading signals subscribers .