Gold forecast
Gold ( xauusd ) price tested 1302$ last night and then retraced back till 1288$ . Currently prices are trading at 1294$ . A good resistance on gold chart stands at 1302$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect xauusd to zoom upto 1309$ – 1317$ today .
A good support on gold chart stands at 1284$ . If traders break this major support level and manage to sustain beneath our support today . Then expect xauusd to correct upto 1275$ – 1266$ today .
Gold forecast conclusion : Trend is flat to positive for now . But below our support , sellers will have upper hand .
Silver forecast
Silver ( xagusd ) price tested 18$ yesterday and then consolidated back till 17.50$ zone . Currently prices are trading at 17.64$ . A good support on silver chart stands at 17.30$ . If traders break this major support level and manage to sustain beneath our support today . Then expect xagusd to correct upto 17.05$ – 16.80$ today .
A good resistance on silver chart stands at 18.05$ . If traders break this hurdle and manage to sustain trade above our hurdle today . Then expect xagusd to zoom upto 18.30$ – 18.52$ today .
Silver forecast conclusion : Trend is flat for now .
More will update to our trading signal subscribers .