Gold forecast
Gold ( xauusd ) price trading almost in same range since yesterday . Its trading from 1240$ till 1248$ . Currently prices are flirting with 1243$ . A good resistance on intraday gold chart stands at 1251$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1258$ – 1266$ today .
A good support on intraday gold chart stands at 1232$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this commodity to test upto 1224$ – 1217$ today .
Gold forecast conclusion : Xauusd trend is flat for now . No major trend in market .
Silver forecast
Silver ( xagusd ) price trading at 16.36$ . Its trading in same old range since yesterday . From 16.50$ till 16.35$ odd zone . A good support on intraday silver chart stands at 16.20$ . If traders take this support out and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 15.98$ – 15.75$ today .
A good resistance on silver chart stands at 16.55$ . If traders break this major level and manage to sustain trade above our hurdle today . Then expect this commodity to test upto 16.80$ – 17$ today .
Silver forecast conclusion : Xagusd trend is flat for now .
More will update to our trading signal subscribers .