Gold forecast

Gold ( xauusd ) prices finally took off and tested 12 week’s high . It made high of 1268$ . Bad US unemployment data pushed prices higher and it did’nt stop after that . Currently prices trading at 1261$ . A good resistance on gold chart at 1271$ . If traders break this hurdle today and manage to sustain above our trading hurdle . Then expect market to zoom upto 1280$ – 1291$ today .

A good support on daily gold chart at 1247$ . If traders break this support and manage to sustain beneath our daily support today . Then expect market to correct upto 1237$ – 1227$ today .

Gold forecast conclusion : Trend is positive for now . Avoid any selling .

Silver forecast

Silver ( xagusd ) price trading higher at 15.34$ . It fired pretty hard and currently its outperforming its yellow counterpart . A good resistance on chart at 15.55$ . If traders break this hurdle and manage to sustain trading above our silver resistance today . Then expect market to zoom upto 15.80$ – 16$ today .

A good support on silver chart today at 15$ . If traders break this support and manage to sustain beneath our today’s support . Then expect market to correct upto 14.70$ – 14.40$ today .

Silver forecast conclusion : Trend is positive for now . Avoid any sell trade .

More will update to our trading signal subscribers .

By marafat