Gold price forecast
Gold price trading at 1074$ . Its trading flat since morning . A good resistance on chart at 1084$ . If market breach this level and manage to sustain above our resistance level today then expect good movement in xauusd and buyers could gain traction free movements upto 1092$ – 1100$ today .
If gold price manage to break our support at 1060$ and sustain below our chart support then expect xauusd to correct upto 1051$ – 1042$ today .
Gold price forecast conclusion : Xauusd trend is in favor of buyers for now . Avoid any selling trade for now .
Silver price outlook
Silver price trading lower at 13.90$ . A good support in prices at 13.75$ . If xagusd break it and manage to sustain beneath this technical level then expect more power to sellers upto 13.55$ – 13.20$ today .
If silver price manage to break our technical hurdle at 14.05$ and sustain above our chart resistance . Then expext xagusd to give some respite to buyers upto 14.30$ – 14.55$ today .
Silver price outlook conclusion : Xagusd trend is flat to negative for now . Follow technical levels only .
More will update to our trading signal subscribers .