Gold forecast
Gold ( xauusd ) price crashed early morning and tested 1200$ zone . Currently prices are flirting with 1201$ . A good technical support on gold chart stands at 1190$ today . If traders break this major level and manage to sustain trade beneath our support today . Then expect more pain for buyers upto 1180$ – 1170$ today .
A good resistance on gold chart stands at 1209$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this metal to test upto 1217$ – 1227$ today .
Gold forecast conclusion : Xauusd trend is weak . Avoid any major buy trade .
Silver forecast
Silver ( xagusd ) price trading lower today at 15.90$ . its trading near lowest point . A good support on silver chart stands at 15.70$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this metal to test upto 15.50$ – 15.30$ today .
A good resistance on silver chart stands at 16.15$ . If traders break this hurdle and manage to sustain trade above our resistance . Then expect this commodity to test upto 16.40$ – 16.60$ today .
Silver forecast conclusion : Xagusd trend is weak . Avoid any major buy trade .
More will update to our trading signal subscribers .