Intraday Gold Silver price forecast 21st November 2016

By | November 21, 2016

Gold forecast

Gold ( xauusd ) price trading at 1213$ today . It opened a bit higher and sustaining on higher side since morning . A good support on daily chart stands at 1207$ . Once traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1200$ – 1191$ today .

A good resistance on daily chart stands at 1221$ . Once traders take this hurdle out and manage to sustain trade above our resistance today . Then expect some breather to buyers upto 1228$ – 1236$ today .

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

Silver forecast

Silver ( xagusd ) price trading at 16.70$ . A good base level on daily chart stands at 16.50$ . Once traders take this base level out and manage to sustain trade beneath our support today . Then expect more crack in silver prices upto 16.30$ – 16.05$ today .

A good hurdle on daily chart stands at 17.05$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in silver prices upto 17.32$ – 17.56$ today .

Silver forecast conclusion : Xagusd trend is flat to positive for now .

More will update to our trading signal subscribers .

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