Gold forecast
Gold price ( xauusd ) trading at 1099$ . Pretty higher since yesterday . Our positional gold signal which initiated at 1073$ already in profit of 26$ . A good resistance in gold price today at 1108$ . Once this level taken out by bulls and if they manage to sustain above this level then expect market to shatter dreams for bears and prices may fire upto 1140$ – 1188$ today .
A good support on gold chart at 1087$ . If prices manage to break this support and sustain beneath this level . Then expect market to correct upto 1077$ – 1065$ today .
Gold forecast conclusion : Trend is clearly with buyers . Avoid any selling trade for now .
Silver outlook
Silver price( xagusd ) trading at 14.07$ . It did not fired like gold and its underperforming it with big margins . A good support on chart at 13.70$ . Once bears take this support out and manage to sustain beneath this level . Then expect market to favor sellers upto 13.50$ – 13.20$ today .
A good resistance on silver chart today at 14.31$ . Once market break this hurdle and manage to sustain above our hurdle then expect market to zoom upto 14.55$ – 14.81$ today .
Silver outlook conclusion : Trend is positive but xagusd is underperforming with big margins . Stay cautious if you are in buying side .
China markets fell 7% once again . This is 2nd lower circuit in 2016 . Today’s trading session could be bumpy . So trade with strict stoploss .
More will update to our trading signal subscribers