Gold forecast silver day trading levels 29 december

By | December 29, 2015

Gold forecast

Gold price ( xauusd ) trading at 1074$ . Yesterday we cashed gold movement when we gave signal to sell at 1074$ , we booked at 1070$ . Much before our target of 1068$ . Today gold chart shows a good resistance at 1084$ . If market beat this level and manage to hold above our resistance then expect 1091$ – 1100$ in today’s trading session .

A good support on gold chart at 1063$ . If market beat this and manage to sustain below our support level then expect market to correct upto 1057$ – 1047$ today in xauusd .

Gold forecast conclusion : Trend is flat to positive for now . Volumes have dropped already so trade with extreme cautious .

Silver day trading levels

Silver price ( xagusd ) trading at 14.02$ . Yesterday it crashed from 14.20 odd zone to 13.90$ . We cashed its correction when we sold at 14.23$ and booked at 14$ on our sell signal . Today silver chart suggests a good resistance at 14.31$ . If market beat this level and manage to sustain above our hurdle then expect market to zoom upto 14.55$ – 14.80$ today .

If silver price ( xagusd ) break our chart support at 13.80$ and manage to sustain below our today’s support then expect market to favor sellers upto 13.60$ – 13.40$ today .

Silver day trading levels conclusion : Trend is still not clear . Avoid major trading and follow levels .

More will update to our trading signal subscribers