daily silver gold price forecast 31st may 2016

By | May 31, 2016

Silver forecast

Silver ( xagusd ) price trading at 16.10$ . Yesterday it made lows near 15.90$ and recovered from lows . A good support on silver intraday chart stands at 15.85$ . If traders break this level and manage to sustain trade beneath our support today . Then expect this metal to test upto 15.61$ – 15.40$ today .

A good resistance on daily silver chart stands at 16.35$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this commodity to test upto 16.52$ – 16.75$ today .

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

Gold forecast

Gold ( xauusd ) price trading at 1213$ . Yesterday it was trading near 1200$ zone . A good support on gold intraday chart stands at 1207$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this metal to test upto 1200$ – 1190$ in today’s trading session .

A good resistance on daily gold chart stands at 1221$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1228$ – 1235$ today .

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

More will update to our trading signal subscribers .

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