Gold forecast
Gold ( xauusd ) price trading today at 1235$ . A good support on gold chart stands at 1227$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect xauusd to correct upto 1220$ – 129$ today .
A good resistance on gold chart stands at 1242$ . If traders break this hurdle and manage to sustain trade above our major resistance today . Then expect this commodity to test upto 1250$ – 1256$ in today’s trading session .
Gold forecast conclusion : Trend is flat to weak for now .
Silver forecast
Silver ( xagusd ) below 17$ last week but currently prices are trading at 17.04$ . A good resistance on silver chart stands at 17.31$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect xagusd to test upto 17.55$ – 17.80$ in todays trading session .
Silver chart has a good support today at 16.70$ . If somehow traders manage to break this support and sustain trade beneath our support today . Then expect this precious metal to correct upto 16.50$ – 16.25$ today .
Silver forecast conclusion : Trend is flat to positive for now .
More will update to our trading signal subscribers