Gold forecast
Gold ( xauusd ) prices trading in a small range since yesterday . It fired till 1104$ yesterday and then retracing back since then . A good support on intraday gold chart at 1090$ . Once this support taken by bears and manage to trade beneath this level . Then expect sellers to drag prices upto 1081$ – 1075$ today .
A good resistance on intraday gold chart at 1108$ . Once this resistance is broken and buyers manage to trade above this level . Then expect xauusd to fire upto 1117$ – 1128$ today
Gold forecast conclusion : No major trend for now . Just follow levels .
Silver forecast
Silver ( xagusd ) price trading at 14.08$ . A good support on intraday chart at 13.70$ . Till this support is intact its in safe hands of buyers . Once this support is taken out by bears and manage to sustain trade beneath this level . Then expect market to support sellers upto 13.50$ – 13.20$ today .
A good resistance on silver chart at 14.30$ . Once this resistance is broken and buyers manage to trade above this level for sometime . Then expect market to zoom upto 14.54$ – 14.70$ .
Silver forecast conclusion : Trend is flat to weak for now .
More will update to our trading signal subscribers .