Gold silver forecast today 29th february 2016

By | February 29, 2016

Gold forecast

Gold ( xauusd ) price trading higher today at 1228$ . Its trading higher today due to china’s crash . China’s major index shanghai composite index cracked more than 4% . A good resistance in today’s gold chart at 1234$ . If price break this hurdle and manage to trade above our resistance . Then expect market to zoom upto 1240$ – 1248$ today .

A good support on gold chart today at 1217$ . If traders break this support and manage to hold beneath our trading support today . Then expect market to correct upto 1207$ – 1200$ today .

We have US pending home sales data today . So stay cautious .

Gold forecast conclusion : Trend is flat to weak for now .

Silver forecast

Silver ( xagusd ) price trading lower today at 14.67$ . Its not rising at all whatever the reason is . A good support on today’s silver chart at 14.44$ . If traders break this support and manage to sustain beneath our trading support today . Then expect market to correct upto 14.20$ – 14$ today .

A good resistance on today’s intraday silver chart at 14.91$ . If traders break this hurdle and manage to sustain above our resistance today . Then expect market to zoom upto 15.20$ – 15.50$ today .

Silver forecast conclusion : Trend is weak for now .

More will update to our trading signal subscribers .

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