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 .