Intraday gold silver forecast 29th january 2016

By | January 29, 2016

Gold forecast

Gold ( xauusd ) price trading at 1114$ , slightly lower than yesterday . A good support on intraday chart at 1107$ . Once sellers take this support and manage to sustain below our intraday support . Then expect more correction in gold upto 1100$ – 1091$ today .

A good resistance on gold intraday chart at 1128$ . Once this is out and buyers manage to sustain above our hurdle . Then expect fresh buying power upto 1137$ – 1149$ today .

Today we have US GDP numbers which would decide the fate for market . So take it easy and dont trade big till numbers are out .

Gold forecast conclusion : Trend is flat to positive for now .

Silver forecast

Silver ( xagusd ) price trading at 14.25$ , slightly lower than yesterday . It tested 14$ yesterday but powered back immediately and climbed upto 14.40$ . A good support on intraday chart at 13.90$ . Once sellers take this support out and manage to sustain below our support . Then expect market to correct upto 13.70$ -13.50$ today .

A good resistance on silver intraday chart at 14.50$ . Once this barrier is taken care by buyers and manage to trade above this hurdle . Then expect xagusd to zoom upto 14.75$ – 15$ today .

Silver forecast conclusion : Trend is flat to positive for now

More will update to our trading signal subscribers

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