Silver forecast
Silver ( xagusd ) price trading at 16.54$ . It fired from 16.30$ zone and its almost testedting our yesterday’s resistance of 16.55$ . A good resistance today on silver chart stands at 16.70$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this precious metal price to fire upto 16.92$ – 17.10$ today .
A good support on silver daily chart stands at 16.30$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 16.05$ – 15.80$ today .
Silver forecast conclusion : Xagusd trend is positive for now . Avoid any major selling .
Gold forecast
Yesterday gold crashed from 1244$ till 1234.50$ . We cashed this movement as our sell signal initiated at 1242.50$ and we booked profits at 1235$ . After our target prices jumped and currently its trading at 1250$ . A good resistance on intraday gold chart stands at 1256$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this commodity prices to shoot upto 1263$ – 1271$ today .
A good support on gold intraday chart stands at 1242$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this commodity to test upto 1234$ – 1227$ today .
Gold forecast conclusion : Xauusd trend is positive for now . Avoid any major selling .
More will update to our trading signal subscribers .