Intraday Gold Silver price forecast 31st october 2016

By | October 31, 2016

Gold price forecast

Gold ( xauusd ) price trading flat at 1277$ . A good resistance on daily chart stands at 1286$ . Once traders take this level out and manage to sustain trade above our hurdle today . Then expect gold prices to fire upto 1293$ – 1300$ today .

A good support on daily gold chart stands at 1265$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1258$ – 1250$ today .

Gold forecast conclusion : Xauusd trend is positive for now .

Silver price forecast

Silver ( xagusd ) price trading higher today at 17.88$ . A good hurdle on daily chart stands at 18.05$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 18.28$ – 18.45$ today .

A good base level on daily chart stands at 17.65$ . Once traders break this major base level and manage to sustain trade beneath our support today . Then expect silver prices to test upto 17.42$ – 17.20$ today .

Silver forecast conclusion : Xagusd trend is positive for now .

Today we have personal spending and personal income data from US . Keep an eye on these data .

More will update to our trading signal subscribers .

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