Gold forecast
Gold ( xauusd ) price trading at 1171$ . Last night it cracked more and tested new lows near 1158$ . It could not sustain on lower levels and fired immediately after lows and made high near 1176$ . A good support on daily chart stands at 1160$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1151$ – 1142$ today .
A good resistance on daily chart stands at 1182$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold price to test upto 1191$ – 1199$ today .
Gold forecast conclusion : Xauusd trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) price trading at 16.75$ . Yesterday it tested near 16.90$ and we booked our buy signal profit there . A good base level on today’s chart stands at 16.50$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect silver price to test upto 16.30$ – 16.05$ today .
A good hurdle on daily chart stands at 17.05$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 17.31$ – 17.55$ today .
Silver forecast conclusion : Xagusd trend is flat to positive for now .
More will update to our trading signal subscribers .