daily forecast gold silver 19th april 2016

By | April 19, 2016

Gold forecast

Yesterday gold tested 1241$ but then it tested 1230$ range . Finally it settled in 1233$ . Currently prices just gave a rise from 1233$ to 1236$ . A good support on gold chart stands at 1227$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect xauusd to correct upto 1217$ – 1207$ today .

A good resistance on gold chart stands at 1242$ . If traders break this hurdle and manage to sustain trade above hurdle today . Then expect xauusd to rise upto 1251$ – 1258$ today .

Gold forecast conclusion : Trend is flat to negative for now . Keep an eye on resistance .

Silver forecast

Silver price ( xagusd ) just fired from 16.20$ to 16.40$ . A good support on silver chart stands at 16.10$ . If traders break our daily support and manage to break this support and manage to trade beneath our support . Then expect xagusd to correct upto 15.90$ – 15.70$ today .

A good resistance on silver chart stands at 16.55$ . If traders break this hurdle and manage to sustain above our hurdle today . Then expect xagusd to zoom upto 16.80$ – 17$ today .

Silver forecast conclusion : Trend is flat to positive for now .

More will update to our trading signal subscribers .

Leave a Reply