Gold Silver price trend update 27th september 2016

By | September 27, 2016

Gold trend

Gold price ( xauusd ) made high of 1342$ . Yesterday we posted our resistance on same exact level . It made high and started consolidating from there . Currently prices are trading at 1334$ . For today gold chart has a good resistance at 1342$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1351$ – 1358$ today .

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 1317$ – 1307$ today .

Gold trend conclusion : Xauusd trend is flat to weak for now .

Silver trend

Silver ( xagusd ) price cracked from highs yesterday and tested 19.40$ . Currently prices are trading at 19.45$ . A good base level on chart stands at 19.25$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver prices to correct upto 19.05$ – 18.80$ today .

A good hurdle on silver chart stands at 19.71$ . If traders break this major resistance and manage to sustain trade above our hurdle toda . Then expect this major commodity to test upto 19.92$ – 20.15$ today .

Silver trend conclusion : Xagusd trend is flat to weak for now .

More will update to our trading signal subscribers .

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