Silver forecast
Silver ( xagusd ) price trading at 16.40$ . Today it has a good support on intraday chart at 16.20$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 16$ – 15.78$ today .
A good resistance on silver intraday chart stands at 16.60$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this commodity to test upto 16.80$ – 17$ today .
Silver forecast conclusion : Silver trend is flat for now . Avoid major trade without any proper stoploss .
Gold forecast
Gold ( xauusd ) price trading slightly lower from its closing of 1244$ . Currently prices are trading at 1241$ . A good support on gold chart stands at 1235$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this commodity to test upto 1228$ – 1220$ today .
A good resistance on gold intraday chart stands at 1248$ . If traders break this major level and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 1256$ – 1263$ today .
Gold forecast conclusion : Xauusd trend is flat for now .
More will update to our trading signal subscribers .