Gold forecast
Gold ( xauusd ) price trading at 1230$ . Last night it tested 1219$ and then bounced back from there . A good resistance on daily chart stands at 1238$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1242$ – 1251$ today .
A good support on daily chart stands at 1218$ . Once traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1209$ – 1201$ today .
Gold forecast conclusion : Xauusd trend is positive for now .
Silver forecast
Silver ( xagusd ) price trading at 17.12$ . Last night it tested 16.81$ and fired back above 17$ same time . A good hurdle on daily chart stands at 17.35$ .Once traders take this hurdle out and manage to sustain trade above our resistance today . Then expect silver prices to test upto 17.56$ – 17.80$ today .
A good base level on daily chart stands at 16.80$ . Once traders take this support out and manage to sustain trade beneath our level today . Then expect silver prices to test upto 16.55$ – 16.30$ today .
Silver forecast conclusion : Xagusd trend is positive for now .
More will update to our trading signal subscribers .