Gold price forecast
Gold ( xauusd ) price trading higher today . Yesterday our buy signal initiated in gold at 1166$ but we exited at closing . Gold price trading almost 4-5$ higher at 1170$ from its closing of 1166$ – 1165$ range . A good support today at 1160$ once market break this and sustain below this intraday support then expect market to correct upto 1151$ – 1144$ today .
If gold price click our intraday resistance at 1181$ and sustain above our today’s resistance then expect market to test upto 1192$ – 1200$ today .
Gold price forecast conclusion : Gold trend is positive for now . Avoid selling trade .
Silver price forecast
Silver ( xagusd ) prices trading at 15.97$ today . A good resistance in silver price at 16.11$ once market break this and sustain above our resistance then expect market to test upto 16.50$ – 16.80$ today .
If silver price click our intraday support at 15.70$ and sustain below our daily support then expect market to correct upto 15.50$ – 15.30$ today .
Silver price forecast conclusion : Silver trend is positive for now .
Note : Today fed meeting outcome would come . Fed will give guidance on economy . Interest rate decision is also a check point where all eyes would be focusing today . Its very crucial so its advised that you do not take any heavy position today .
Mcx levels for today
Mcx gold
Resistance : 27120
Support : 26880
Mcx silver
Resistance : 37500
Support : 36800
More will update to our subscribers