Gold forecast
Gold ( xauusd ) price trading at 1281$ today . Last night it tested 1272$ zone from 1290$ high . We cashed this move as we entered in sell at 1283$ as per our trading signal and we booked profits at 1275$ . Gold chart has a good resistance today at 1292$ . If traders manage to break this hurdle and sustain above our resistance today . Then expect 1298$ – 1304$ in todays trading session .
A good support on gold chart stands at 1270$ . If traders break this major support level and manage to sustain beneath our support today . Then expect this commodity to test upto 1262$ – 1254$ today .
Gold forecast conclusion : Trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) prices tested 17.18$ range yesterday and then bounced back . Currently prices are trading at 17.42$ . A good resistance on silver chart stands at 17.55$ . If traders manage to break this major hurdle and sustain trade above our hurdle today . Then expect this commodity to test upto 17.80$ – 18$ today .
A good support on silver chart stands at 17.15$ . If traders manage to break this major support level and sustain trade beneath our support today . Then expect this precious metal to test upto 17$ – 16.75$ today .
Silver forecast conclusion : Trend is flat to positive for now .
We have US unemployment claims numbers today . Stay cautious near data time and do not trade bulk before data .
More will update to our trading signal subscribers .