Gold forecast
Gold ( xauusd ) price trading at 1234$ . Yesterday it tested 1240$ from 1227$ . A good bounce of 13$ but we updated resistance at 1238$ which it broke but it could not survive a sustain trade . Today our gold chart resistance stands at 1241$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect xauusd to fire upto 1248$ – 1256$ today .
A good support on gold chart stands at 1228$ . If traders break this major base level and manage to sustain beneath our support . Then expect xauusd projection going to sellers upto 1220$ – 1214$ today .
Gold forecast conclusion : Trend is positive for now .
Silver forecast
Silver ( xagusd ) price trading at 15.40$ . Yesterday it tested 15.53$ but it could not sustain on higher levels . Silver chart resistance stands at 15.55$ for today’s trading session . If traders break this major hurdle and manage to sustain above our hurdle today .Then expect xagusd projection going for buyers upto 15.80$ – 16$ today .
If silver price break our technical chart support at 15.20$ and manage to sustain beneath our trading support today . Then expect 15$ – 14.80$ in today’s trading session .
Silver forecast conclusion : Trend is positive for now . Avoid any selling .
Today we have Avg hourly earning and Manufacturing data from US . So keep an eye on data .
More will update to our trading signal subscribers