Gold Silver price forecast update 15th November 2016

By | November 15, 2016

Gold forecast

Gold ( xauusd ) price trading at 1226$ . It recovered from yesterday’s low of 1212$ . A good resistance on daily chart stands at 1231$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect some more recovery in gold prices upto 1239$ – 1247$ today .

A good support on gold chart stands at 1217$ . Once traders take this support out and manage to sustain trade beneath our this level today . Then expect more power to bears upto 1211$ – 1201$ today .

Gold forecast conclusion : Xauusd trend is flat to positive for now .

Silver forecast

Silver ( xagusd ) prices cracked last night once again and still trading below 17$ . A good hurdle on silver chart stands at 17.22$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in prices upto 17.44$ – 17.70$ today .

A good base level on silver chart stands at 16.80$ . Once traders take this base out and manage to sustain trade beneath our support today . Then expect more power to bears upto 16.55$ – 16.30$ today .

Silver forecast conclusion : Xagusd trend is flat for now .

More will update to our trading signal subscribers .