Gold forecast
Gold prices opened gap up . Following cues from france strike in syria . If you read our crude oil weekly analysis you should have also anticipated that . So currently prices trading at 1095$ . A good resistance stands at 1108$ once market break this and sustain above our intraday gold resistance then expect 1117$ – 1127$ in gold price .
If gold break our intraday support at 1088$ and sustain below our intraday gold support today then expect market to correct upto 1080$ – 1072$ today .
Gold price forecast conclusion : Gold trend is weak but some profit booking not ruled out .
Silver forecast
Silver prices also trading higher today at 14.42$ . A good resistance in price at 14.55$ once market break this and sustain above our intraday silver resistance then expect a fire upto 14.80$ – 15.05$ in prices .
If silver price break our intraday support at 14.20$ and sustain below our intraday silver support today then expect market to favour bears again upto 14$ – 13.80$ and even more correction not ruled out in silver .
Silver price forecast conclusion : Silver trend is weak but small profit booking not ruled out .
French attack on syria will have a major factor today and how things turn up could effect gold silver prices heavily so keep an eye on middle east news if you are trading in gold silver or crude oil today .
More will update to our trading signals subscribers .