Silver forecast
Silver prices trading higher today at 14.30$ . Yesterday it finally took off and tested higher zone . It was 14.40$ high yesterday and then it retraced back . Currently price trading at 14.30$ . A good support today on silver chart at 13.98$ . Once market break this intraday support and sustain below our technical support today then expect market to test upto 13.70$ – 13.50$ in xagusd today .
Silver chart indicates a resistance at 14.50$ . Once market break this intraday resistance and sustain above our major resistance then expect market to test upto 14.75$ – 15$ today .
Silver forecast conclusion : Trend is positive for now . But yesterday gains were pretty fragile and it did not sustain on higher levels so do not trade bulk qty .
Gold outlook
Gold prices trading 1085$ . Yesterday it finally rocketed from 1070$ till 1087$ . Currently its trading at 1085$ . A good resistance on gold chart at 1092$ . Once market break this and sustain above our intraday resistance then expect xauusd to zoom upto 1100$ – 1108$ today .
Gold chart indicates a support at 1075$ . If xauusd price break this intraday support and manage to sustain below this then expect bears to have upper hand once again in market upto 1070$ – 1063$ today .
Gold outlook conclusion : Intraday trend has changed from negative to positive . Avoid any major sell from now .
More will update to trading signals subscribers .