Silver forecast
Silver ( xagusd ) price trading in a small range since yesterday . It went till 19.25$ and came back below 19.10$ yesterday . Since then its trading at 19.10$ zone only . A good support on daily chart stands at 18.90$ . Once this level is out and traders manage to sustain trade beneath this level . Then expect silver prices to crack upto 18.70$ – 18.50$ today .
A good resistance on daily silver chart stands at 19.40$ . If traders break this hurdle and manage to sustain trade above our hurdle . Then expect this major commodity to test upto 19.62$ – 19.84$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
Gold forecast
Gold ( xauusd ) price trading at 1325$ . Last night it made low at 1316$ and bounced back from there . Currently its trading on almost highest point . A good support on daily chart stands at 1316$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1308$ – 1300$ today .
A good resistance on daily gold chart stands at 1333$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1341$ – 1348$ today .
Gold forecast conclusion :Xauusd trend is flat for now .
More will update to our trading signal subscribers .