Gold trend
Gold ( xauusd ) price trading at 1325$ . Yesterday it crashed from 1339$ till 1325$ . We cashed this downside as our sell signal initiated at 1335$ for target of 1328$ . It has a good major resistance on chart today at 1335$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1342$ – 1351$ today .
A good support on gold chart stands at 1317$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1308$ – 1300$ today .
Gold trend conclusion : Xauusd trend is weak for now .
Silver trend
Silver ( xagusd ) price trading at 19.05$ . It crashed all the way from 19.50$ till 19$ yesterday . We cashed this crashed as our sell signal initiated at 19.51$ for target of 19.30$ . Today it has a major base level at 18.90$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver prices to correct upto 18.70$ – 18.50$ today .
A good hurdle on silver chart stands at 19.32$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 19.54$ – 19.75$ today .
Silver trend conclusion : Xagusd trend is weak for now .