Gold price forecast
Gold price finally trading stable as its trading now at 1109$ . A good support today stands at 1098$ once market break this intraday support and sustain below this level then expect a correction upto 1091$ – 1084$ today .
Gold price has a good resistance today at 1118$ once market break this and sustain above our intraday resistance then expect a zoom upto 1128$ – 1137$ today .
Gold price forecast conclusion : Gold trend is flat to weak but small profit booking not ruled out .
Silver price forecast
Silver price trading at 15.05$ , a good support today at 14.70$ once comex price break this and sustain below this intraday support then expect market to correct upto 14.50$ – 14.20$ today .
If silver price click our intraday resistance at 15.30$ and sustain above our hurdle then expect bulls to take upto 15.55$ – 15.80$ today .
Silver price forecast conclusion : Silver trend is flat to weak but small profit booking not ruled out .
Note : Today we have major data so stay cautious . Here are Major data list for today .
UK : Manufacturing Production ( Mom ) ( Sep )
UK : Trade Balance ( Sep )
US : Average Hourly Earning ( Oct )
US : Nonfarm payrolls ( Oct )
US : Unemployment Rate ( Oct )