Silver Gold price forecast daily 01st august 2016

By | August 1, 2016

Silver forecast

Silver ( xagusd ) price opened higher today . It tested 20.65$ in early session and currently prices are trading at 20.47$ . A good intraday support on silver chart stands at 20.25$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 20.05$ – 19.80$ today .

A good resistance on intraday silver chart stands at 20.72$ . If traders break this major intraday hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 20.95$ – 21.10$ today .

Silver forecast conclusion : Xagusd trend is positive for now

Gold forecast

Gold ( xauusd ) price trading at 1347$ . It opened lower today and could not match its fellow commodity . A good support in today’s trading session stands at 1339$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect gold prices to crack upto 1332$ – 1326$ today .

A good resistance on intraday gold chart stands at 1356$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1364$ – 1373$ today .

Gold forecast conclusion : Xauusd trend is positive for now .

We have manufacturing data from US and UK today . Stay cautious .

More will update to our trading signal subscribers .

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