Gold price forecast
Gold prices fired yersterday after ECB chairman Mario’s speech . They further cut rate which was expected. But cut came deeper which was an unexpected move . Currently price trading at 1062$ . A good resistance on chart stands at 1071$ . If market manage to break this and sustain above our technical hurdle today then expect party for buyers upto 1082$ – 1091$ today .
If gold price click our chart support at 1050$ and sustain below our intraday support today then expect more power to sellers upto 1042$ – 1033$ today .
Gold price forecast conclusion : Intraday trend is positive for now . Buy in dips recommend .
Silver trading levels
Silver prices trading at 14.10$ . It recovered from 13.90$ zone till 14.20$ odd zone . A good support on chart stands at 13.80$ . If market break this and manage to sustain below this level then expect market to support sellers upto 13.60$ – 13.25$ today .
If silver price break our intraday resistance at 14.36$ and manage to sustain above our hurdle then expect buyers to have some relief upto 14.55$ – 14.80$ today
Silver trading levels conclusion : Intraday trend is positive for now .
More will update to our trading signal subscribers .
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