Gold forecast
Yesterday gold price crashed big time and our positional signal delivered sweet profit of approx 3800$ per lot to our paid subscribers . Currently prices are trading at 1218$ . A good support on gold chart today at 1207$ . If traders break this and manage to sustain trade beneath this level . Then expect xauusd to correct upto 1200$ – 1190$ today .
A good resistance on gold chart today stands at 1231$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect xauusd to zoom upto 1240$ – 1251$ today .
Gold forecast conclusion : Trend is in favor of bears . Avoid any big buy .
Silver forecast
Silver ( xagusd ) price trading at 15.23$ . Yesterday it crashed from 15.80$ till 15.20$ . A big crash and it underperformed xauusd yesterday which was expected as it was outperforming earlier . Currently prices have a good support on silver chart at 14.98$ . If traders break this major support and manage to sustain beneath our support today . Then expect xagusd to correct more upto 14.70$ – 14.50$ today .
A good resistance on silver chart today stands at 15.51$ . If traders break this hurdle and manage to sustain trade above our resistance . Then expect xagusd to zoom upto 15.70$ – 15.91$ today .
Silver forecast conclusion : Trend is weak for now . Avoid any buy .
More will update to our trading signal subscribers .