Gold forecast
Gold ( xauusd ) price tested 1260$ yesterday and then crashed beautifully from there . We cashed this crash as we hooked our sell position at 1254$ and we booked our profit at 1246$ . Currently prices are trading even lower at 1236$ . A good support on gold chart today at 1227$ . If traders break this base support and manage to sustain trade beneath our support today . Then expect xauusd to test water upto 1217$ – 1207$ today .
A good resistance on gold chart today at 1246$ . If traders break this resistance and manage to sustain trade above our hurdle today . Then expext xauusd to zoom upto 1254$ – 1261$ today .
Gold forecast conclusion : Trend is weak for now . Avoid any buy trade .
Silver forecast
Silver ( xagusd ) price trading at 15,75$ . Yesterday it almost tested 16$ but it could not sustain higher . A good resistance on chart stands at 16.02$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expext xagusd to zoom upto 16.25$ – 16.50$ today .
A good support on silver chart stands at 15.45$ . If traders manage to break this major support and sustain trade beneath this level . Then expect deep red in silver prices upto 15.20$ – 15$ today .
Silver forecast conclusion : Trend is weak for now . Avoid any buy trade .
More will update to our trading signal subscribers .