Comex gold analysis
Gold ( xauusd ) price trading slightly higher at 1093$ from its last friday closing . Apparently this rise is not enought to pull its trend from weak to positive today . A good resistance at 1108$ once xauusd break this and sustain above this intraday resistance then expect some firing from this yellow metal upto 1118$ – 1127$ .
A good support in gold prices at 1084$ once market break this and sustain below our intraday support level today then expect xauusd to correct upto 1075$ – 1066$ today .
Comex gold analysis conclusion : Gold trend is weak . Avoid any buy trade for now .
Comex silver analysis
Silver ( xagusd ) price trading at 14.80$ . A good support today in xagusd at 14.60$ once market break this and sustain below our intraday support then expect comex silver to correct upto 14.40$ – 14.20$ today .
If silver price click our intraday resistance at 15.05$ and sustain above our intraday resistance today then expect market to test upto 15.30$ – 15.50$ today .
Comex silver analysis conclusion : Silver trend is weak for now . Avoid any buy trade for now .
More will update to our signals subscribers