Gold forecast
Gold ( xauusd ) price trading at 1264$ . Yesterday it went till 1274$ and then came back after good existing home sales data . A good support on daily chart stands at 1258$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to correct upto 1249$ – 1240$ today .
A good resistance on gold chart stands at 1276$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1284$ – 1291$ today .
Gold forecast conclusion : Xauusd trend is flat for now .
Silver forecast
Silver ( xagusd ) price trading at 17.48$ . Yesterday it crashed from highs and tested lows near 17.40$ . A good base level on daily chart stands at 17.30$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver prices to test upto 17.15$ – 16.90$ today .
A good hurdle on daily silver chart stands at 17.65$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 17.88$ – 18.12$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
More will update to our trading signal subscribers .