Gold price forecast

Gold price crashed yesterday . We gave a sell trading signal at 1067$ which achieved target yesterday itself . Currently price trading at 1053$ . A good support stands on chart at 1042$ . If market break this and sustain below our intraday support then expect market to correct upto 1035$ – 1027$ today .

Gold chart suggests an intraday resistance in prices at 1063$ . If market manage to break this level and sustain above our hurdle then expect some relief for buyers upto 1070$ – 1079$ today

Gold price forecast conclusion : Gold trend is weak for now . Avoid any major buying trades . Follow levels .

Silver trading levels

Silver price trading below 14$ . Yesterday it crashed and tested low of 13.83$ . Technical chart suggests a support at 13.70$ . If market break this and sustain below our intraday support then expect bears to have upper hand again upto 13.50$ – 13.20$ today .

If silver price manage to break our intraday resistance at 14.31$ and sustain above our intraday resistance then expect some respite for buyers upto 14.52$ – 14.70$ today .

Silver trading levels conclusion : Silver trend is clearly down for now . Avoid any major buy trades . Follow technical levels .

More will update to our trading signal subscribers .

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By marafat