Gold price forecast
Gold price trading flat since it opened today . Currently trading at 1055$ . Gold chart shows an intraday support at 1047$ . If market break this and sustain below our technical support level today then expect bears to take control once again upto 1040$ – 1032$ today .
If xauusd price manage to break our technical resistance at 1066$ and sustain above our intraday resistance level then expect some relief for buyers upto 1074$ – 1081$ .
Gold price forecast conclusion : Trend is still in favor of bears . Avoid any major buying till any reversal come in market .
Silver price outlook
Silver prices trading at 14.05$ . Holding 14$ pretty well . Silver chart suggest a technical support level at 13.70$ .If xagusd price manage to break this and sustain below our technical support level then expect market to favor bears upto 13.50$ – 13.20$ .
If silver price manage to break our technical resistance level at 14.26$ and sustain above our intraday hurdle then expect some relief for buyers upto 14.50$ – 14.70$ and even more relief not ruled out after that .
Silver price outlook conclusion : Trend is still favoring bears . Avoid any major buying for now .
More will update to our trading signal subscribers .
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