Gold trend
Gold price trading at 1073$ . Its same level since yesterday . Its trading in same range since yesterday . It fired from 1072$ till 1085$ . Gold chart has a good resistance at 1091$ . If market manage to break this intraday resistance and sustain above our hurdle then expect market to test upto 1100$ – 1108$ today .
Gold chart has a good technical support on chart at 1062$ . If market break this support and sustain below our intraday support then expect market to correct upto 1051$ – 1040$ today .
Gold trend conclusion : Trend is in favor of buyers . But wait our technical levels to break either side to initiate a fresh trade today .
Silver price forecast
Silver prices trading at 14.17$ . Yesterday it tested 14.35$ . Our resistance was 14.40$ . Again if silver price break our technical resistance at 14.40$ and sustain above our intraday hurdle then expect market to fire upto 14.66$ – 14.90$ today .
Silver chart has a good support at 13.90$ . If market manage to break this and sustain below our technical support then expect market to correct upto 13.70$ – 13.50$ today .
Silver forecast conclusion : Trend is flat . So follow our levels .
Today we have some major data which could effect gold silver price pretty much . Here is the list .
China central bank interest rate decision
UK central bank interest rate decision
US initial jobless claims
More will update to our trading signal subscribers .
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