Gold ( Xauusd ) price it tested high at 1244$ and then gave a consolidation till 1231$ . Unlike silver its holding on higher levels pretty well . Currently prices are trading at 1239$ . A good resistance on gold chart at 1248$ . If traders break this hurdle and manage to hold above our resistance . Then expect market to support buyers upto 1256$ – 1266$ today .
A good support on gold chart at 1228$ . If traders manage to break this support and sustain trading beneath this level . Then expect mild correction upto 1220$ – 1211$ today .
Gold forecast conclusion : Trend is flat to positive for now .
Silver ( xagusd ) price trading lower today at 15.12$ . Its underperforming gold once again and not participating in rallies as well . A good support on intraday silver chart at 14.88$ . If traders manage to break this support and sustain trading beneath our support level . Then expect market to correct upto 14.65$ – 14.50$ today .
A good resistance on silver chart at 15.33$ . If traders break this hurdle and manage to sustain above our resistance today . Then expect market to zoom upto 15.55$ – 15.81$ today .
Silver forecast conclusion : Trend is flat to negative for now .
More will update to our trading signal subscribers .