Gold trend
Gold ( Xauusd ) price trading slightly lower today at 1334$ . It did not gave any downside last friday . So for today a good resistance on chart stands at 1342$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to shoot upto 1351$ – 1358$ todau .
A good support on daily gold chart stands at 1325$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1318$ – 1309$ today .
Gold trend conclusion : Xauusd trend is flat to weak for now .
Silver trend
Silver ( xagusd ) price crashed last friday from 20$ till 19.60$ . Currently its trading lower at 19.54$ . A good base level on intraday chart stands at 19.30$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 19.10$ – 18.90$ today .
A good hurdle on daily silver chart stands at 19.80$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 20$ – 20.20$ today .
Silver trend conclusion : Xagusd trend is flat to weak for now .
More will update to our trading signal subscribers .