Gold forecast
Gold ( Xauusd ) price trading at 1248$ . Yesterday xauusd fired with pretty good power as it tested 1258$ . But then near closing of US market it started retracing back . Currently prices are trading at 1248$ . A good resistance on daily gold chart stands at 1261$ . If traders break this hurdle and manage to sustain trade above our hurdle today . Then expect xauusd to zoom upto 1266$ – 1273$ today .
A good support on gold chart stands at 1237$ . If traders break this major base level and manage to sustain trade below our support today . Then expect xauusd to correct upto 1230$ – 1221$ today .
Gold forecast conclusion : Trend is positive for now . Avoid any selling .
Silver forecast
Silver ( xagusd ) price trading at 16.94$ . Yesterday it fired with full power as it climbed approx 400-500 pips from its lowest level . Currently prices are trading at 16.92$ . Yesterday it tested high of 17.22$ . A good support on silver chart stands at 16.70$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect xagusd to correct upto 16.50$ – 16.25$ today .
A good resistance on silver chart stands at 17.26$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect xagusd to zoom upto 17.50$ – 17.70$ today .
Silver forecast conclusion : Trend is positive for now .
More will update to our trading signal subscribers