Gold Silver price forecast 26th october 2016

By | October 26, 2016

Gold forecast

Gold ( xauusd ) price trading at 1275$ . Yesterday it fired from 1262$ . We took some of its advantage as we booked approx 2-3$ profits on our buy signal . Today it has a major resistance on chart at 1282$ . Once market breaks this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to fire upto 1291$ – 1300$ today .

A good major support on gold chart stands at 1258$ . Once market breaks this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1250$ – 1241$ today .

Gold forecast conclusion : Xauusd trend is positive for now .

Silver forecast

Silver ( xagusd ) price trading at 17.80$ . Yesterday we booked mild profits in buy trade . A good hurdle on chart stands at 18.05$ . Once market breaks this hurdle and manage to sustain trade above our resistance today . Then expect silver prices to shoot upto 18.28$ – 18.54$ today .

A good base level on silver chart stands at 17.55$ . Once traders breaks this major level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 17.33$ – 17.05$ today .

Silver forecast conclusion : Xagusd trend is positive for now .

More will update to our trading signal subscribers .

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