Gold forecast
Gold ( xauusd ) price continously lower since yesterday . Last night it tried to push a bit and tested 1259$ . But it failed to sustain on higher levels and cracked from peak . Currently prices are trading at 1248$ . A good resistance on today’s gold chart at 1261$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect xauusd to fire upto 1267$ – 1276$ today .
A good support on daily gold chart at 1237$ . Once traders break this base support and manage to sustain trade beneath our level . Then expect xauusd to correct upto 1230$ – 1221$ today .
Gold forecast conclusion : Trend is weak for now . Avoid any major buying .
Silver forecast
Silver ( xagusd ) price trading at 15.25$ . Yesterday it tried to click our resistance of 15.50$ but it could not and retraced back from 15.43$ odd zone . A good resistance again stands in silver way at 15.51$ . Once traders break this hurdle and manage to sustain trade above our today’s resistance . Then expect some buying in xagusd upto 15.70$ – 15.91$ today .
A good support on silver chart today at 15$ . If traders break this major base supprot and sustain trading beneath this level . Then expect xagusd to face some correction upto 14.80$ – 14.60$ today .
Silver forecast conclusion : Trend is weak for now .
More will update to our trading signal subscribers .