Gold ( xauusd ) price crashed yesterday from 1244$ till 1223$ . Currently prices are trading at 1228$ . A good support on gold chart today at 1217$ . If traders break this major base level and sustain trading beneath this support . Then expect 1207$ – 1200$ in xauusd today .
A good resistance on gold chart stands at 1238$ . If traders break this zone and manage to sustain above our resistance today . Then expect xauusd to zoom upto 1244$ – 1251$ today .
Gold forecast conclusion : Trend is flat to weak for now .
Silver ( xagusd ) price trading at 15.22$ today . Yesterday it also consolidated from 15.44$ . A good support on silver chart stands at 14.98$ . If traders break this base support and manage to sustain below this level . Then expect xagusd to correct upto 14.75$ – 14.50$ today .
A good resistance on silver chart at 15.50$ . If traders break this resistance and manage to sustain above our resistance today . Then expect xagusd to zoom upto 15.75$ – 16$ today .
Silver forecast conclusion : Trend is weak for now .
Today we have UK GDP and US Unemployment claims data . So stay cautious .
More will update to our trading signal subscribers .