Intraday silver gold forecast 31st august 2016

By | August 31, 2016

Silver forecast

Silver ( xagusd ) price trading at 18.71$ today . It tested approx 18.55$ last night but bounced back sharply from there . A good support on intraday silver chart stands at 18.45$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 18.22$ – 18.01$ today .

A good resistance on intraday silver chart stands at 18.91$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 19.10$ – 19.36$ today .

Silver forecast conclusion : Xagusd trend is flat to positive for now .

Gold forecast

Gold ( xauusd ) price trading at 1313$ . Last night it crashed from 1320$ till 1309$ . Today gold chart has a good base level at 1307$ . If traders break this level and manage to sustain trade beneath our base today . Then expect this precious metal to test upto 1300$ – 1291$ today .

A good hurdle on daily gold chart stands at 1319$ . If traders break this major resistance and manage to sustain trade above our hurdle today . Then expect this precious metal to test upto 1327$ – 1334$ today .

Gold forecast conclusion : Xauusd trend is flat to negative for now .

More will update to our trading signal subscribers .