Gold Silver price forecast 28th october 2016

By | October 28, 2016

Gold forecast

Gold ( xauusd ) price trading at 1268$ . Its trading in a small range since yesterday . A good hurdle on daily chart stands at 1275$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1283$ – 1291$ today .

A good base level on gold chart stands at 1258$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal prices to test upto 1249$ – 1240$ today .

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

Silver forecast

Silver ( xagusd ) price trading at 17.65$ . Its also trading flat since yesterday . A good support on chart stands at 17.45$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver prices to test upto 17.22$ – 17.02$ today .

A good resistance on silver chart stands at 17.86$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 18.05$ – 18.31$ today .

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

More will update to our trading signal subscribers .

We have US GDP numbers from US . So stay cautious .

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