Gold forecast
Gold ( xauusd ) price trading slightly lower today at 1249$ . A good support on gold chart today stands at 1238$ . If traders break this base level and manage to sustain beneath our support today . Then expect xauusd projection towards sellers upto 1230$ – 1221$ today .
A good resistance on gold chart stands at 1256$ today . If traders hit this spot and manage to sustain above our hurdle . Then expect xauusd projection towards buyers upto 1265$ – 1271$ today .
Gold forecast conclusion : Trend is flat to weak for now .
Silver forecast
Silver ( xagusd ) price still trading in green and its outperforming its fellow commodity yellow precious metal since monday . Currently prices are flirting with 16.10$ . A good resistance on silver chart stands at 16.31$ . If traders break this hurdle and manage to sustain trade above our hurdle today . Then expect xagusd projection towards buyers upto 16.55$ – 16.80$ today .
A good support on silver chart stands at 15.85$ . If traders break this major level and manage to sustain beneath our support today . Then expect bears to have upper hand in this precious metal upto 15.60$ – 15.35$ today .
Silver forecast conclusion : This commodity still stands in positive zone . Stay away from sell for sometime .
More will update to our trading signal subscribers .