Gold forecast
Gold ( xauusd ) price fired yesterday and we cashed it from 1264$ till 1272$ . Currently prices are trading at 1270$ . A good resistance on today’s gold chart at 1278$ . If traders break this hurdle and manage to sustain above our resistance today . Then expect market to zoom upto 1286$ – 1294$ today .
A good support on intraday gold chart at 1257$ . If traders break this support and manage to sustain trading beneath our support level . Then expect market to face mild consolidation in prices upto 1250$ – 1241$ today .
Gold forecast conclusion : Trend is positive for now .
Silver forecast
Yesterday silver ( xagusd ) fired at 15.80$ . Our positional signal target was 15.90$ . Currently prices are trading at 15.55$ . A good resistance on silver chart is yesterday’s high . Once traders break this hurdle and manage to trade above our resistance today . Then expect market to zoom upto 16$ – 16.25$ today .
A good suppot on silver chart today at 15.30$ . If traders break this support and manage to sustain trading beneath our support level today . Then expect market to correct upto 15.05$ – 14.80$ today .
Silver forecast conclusion : Trend is flat to positive for now .
More will update to our trading signal subscribers .