Gold forecast
Gold ( xauusd ) price firing with full guns as it keep testing higher levels . Some of our subscribers are still holding long in gold and they are enjoying approx 5000$ profit per lot . Currently price trading at 1155$ . A good support on intraday gold chart at 1144$ . If traders manage to break this support and sustain below our support today . Then expect market to correct upto 1137$ – 1127$ today .
A good resistance on intraday gold chart at 1166$ . Once traders break this barrier and manage to hold above our resistance today . Then expect market to zoom upto 1174$ – 1181$ today .
Gold forecast conclusion : Trend is up . Avoid any major selling without any stoploss .
Silver forecast
Silver ( xagusd ) price trading at 14.83$ today . It already tested above 14.90$ but it could not hold it . A good resistance on intraday chart at 15.05$ . If traders manage to break this hurdle and sustain above our resistance .Then expect market to support buyers upto 15.25$ – 15.50$ today .
A good support on intraday silver chart at 14.55$ . If traders break this level and manage to trade beneath this support today . Then expect mild profit booking upto 14.30$ – 14.10$ today .
Silver forecast conclusion : Trend is positive for now .
Today we have major data from Unemployment number from US . So dont trade big . Data could make good impact on metals .
More will update to our trading signal subscribers .
I have sort in silver @35500 in feb16 what I do
market is strong but a resistance at 36120