Gold Silver price forecast for 29th april 2016

By | April 29, 2016

Gold forecast

Gold ( xauusd ) price trading at 1275$ today . It tested 1281$ in early morning session . We cashed this move when we initiated our buy signal at 1256$ and we booked profits at 1263$ . Yesterday it roared from 1255$ till 1275$ . Gold chart shows a resistance at 1282$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect xauusd to zoom upto 1290$ – 1299$ today .

A good support on gold chart shows a support at 1262$ . If traders manage to break this support and sustain beneath our support level . Then expect sellers to have upper hand in this precious metal upto 1255$ – 1247$ today .

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

Silver forecast

Silver ( xagusd ) price trading at 17.70$ today . Yesterday it fired from 17.30$ till 17.70$ . It made high of 17.87$ today . A good resistance on silver chart stands at 17.92$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect xagusd buyers to have upper hand upto 18.10$ – 18.35$ today .

A good support on silver chart stands at 17.50$ . If traders break this major support and manage to sustain trade beneath our support today . Then expect sellers to have upper hand in this commodity upto 17.30$ – 17.05$ today .

Silver forecast conclusion : Trend is positive for now .

More will update to our trading signal subscribers .