Gold ( xauusd ) price tested 1241$ zone and reverted back from there . It could not sustain on higher levels and currently prices are trading at 1235$ . A good resistance on gold chart at 1242$ . If traders break this resistance today and manage to sustain trade above our resistance today . Then expect xauusd to zoom upto 1249$ – 1256$ today .
A good support on gold chart today at 1227$ . If traders break this major level and manage to sustain beneath our support today . Then expect xauusd to correct upto 1218$ – 1209$ in today’s trading session .
Gold projection conclusion : Trend is positive for now but no fresh buy recommendation on these levels .
Silver ( xagusd ) price trading today at 15.20$ . It tested 15.35$ zone yesterday and then started consolidating . A good support on silver chart today stands at 14.98$ . If traders manage to break this level and sustain trade beneath our support today . Then expect xagusd to correct upto 14.76$ – 14.51$ today .
A good resistance on silver chart stands at 15.51$ . If traders break this hurdle and manage to sustain above our resistance today . Then expect xagusd to zoom upto 15.74$ – 15.99$ in today’s trading session .
Silver projection conclusion : Trend is positive but avoid fresh buying on these levels .
More will update to our trading signal subscribers .