Gold forecast
Gold ( xauusd ) opened lower today and it tested 1240$ zone but kinda bounced back from lows as prices trading now at 1244$ . A good support on gold chart today at 1237$ . If traders break this major support and manage to sustain trading beneath this level . Then expect xauusd to test upto 1230$ – 1224$ today .
A good resistance on gold chart today at 1252$ . If traders break this hurdle today and manage to sustain trade above our resistance . Then expect some shine in xauusd prices upto 1260$ – 1266$ today .
Gold forecast conclusion : Trend is weak for now . Avoid buying .
Silver forecast
Silver ( xagusd ) price trading today at 15,75$ . A good support on silver chart today at 15.50$ . If traders break this support and manage to sustain beneath this level . Then expect some correction in xagusd prices upto 15.30$ – 15.05$ today .
A good resistance on silver chart stands at 16.05$ . If traders break this hurdle and manage to sustain trade above our hurdle today . Then expect xagusd to zoom upto 16.30$ – 16.55$ today .
Silver forecast conclusion : Trend is weak for now . Avoid buy trade .
More will update to our trading signal subscribers .