daily forecast gold silver 18th april 2016

By | April 18, 2016

Gold forecast

Gold ( xauusd ) price trading higher today at 1236$ . It opened positive due to crack in crude oil today which came when saudi and iran could not agreed on freeze production of crude oil . Today gold chart has a good resistance at 1242$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to support buyers upto 1251$ – 1262$ today .

A good support on gold chart stands at 1227$ . If traders manage to break this major level and sustain trade beneath this support . Then expect this commodity to test upto 1220$ – 1209$ today .

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

Silver forecast

Silver ( xagusd ) price trading at 16.20$ . Interestingly its not outperforming its major counterpart today . A good resistance on silver chart stands at 16.51$ . If traders break this hurdle and manage to sustain above our resistance today then expect this precious metal to test upto 16.75$ – 16.99$ today .

A good support on silver chart stands at 15.98$ . If traders break this support and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 15.75$ – 15.50$ today .

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

More will update to our trading signal subscribers

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