Gold forecast
Gold prices trading lower today . Its crashing once again since yesterday . After our sell gold signal it resumed correction . Currently its trading at 1078$ . A good support in today’s trading session at 1065$ . Once market break this and sustain below our intraday gold support then expect correction upto 1058$ – 1050$ today in price .
If gold price manage to break our today’s trading session’s resistance at 1092$ and sustain above our intraday gold resistance then expect market to give relief to buyers upto 1100$ – 1108$ . Above 1108$ more firepower from bulls cant be ruled out .
Gold forecast conclusion : Trend is weak so avoid any major buy trade for now .
Silver outlook
Silver prices trading at 14.25$ . Since yesterday its trading in 14.25$ . Today’s lowest point is 14.18$ which came when australian market opened and RBA Governer Kent started speaking . But its recovered and sustaining 14.20$ zone for now . A good support in today’s trading session at 14.15$ . Once market breaks it and sustain below our intraday support then expect market to correct upto 14$ – 13.80$ today .
If silver price manage to break our today’s trading session resistance at 14.50$ and sustain above our intraday silver resistance then expect market to give relief to buyers upto 14.70$ – 14.92$ today .
Silver outlook conclusion : Trend is weak for now . So avoid any major buy trade for now .
More will update to our trading signals subscribers