Gold forecast
Yesterday gold ( xauusd ) price tested new highs and almost tested our major hurdle at 1308$ . Fed left interest rate unchanged as expected so no major movement since last night . Currently prices trading at 1302$ . A good resistance on daily chart stands at 1308$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1317$ – 1326$ today .
A good support on daily chart stands at 1291$ . Once traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1284$ – 1277$ today .
Gold forecast conclusion : Xauusd trend is positive for now .
Silver forecast
Silver ( xagusd ) price trading at 18.52$ . A good major base level on chart stands at 18.30$ . Once traders break this major base level and manage to sustain trade beneath our support today . Then expect silver prices to test upto 18.02$ – 17.80$ today .
A good hurdle on silver chart stands at 18.75$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 18.98$ – 19.18$ today .
Silver forecast conclusion : Xagusd trend is positive for now .
More will update to our trading signal subscribers .