Gold forecast
Gold ( xauusd ) price trading lower first time in 2 weeks at opening . Currently prices are flirting with 1165$ . A good support on intraday gold chart at 1155$ . If traders break this support and manage to sustain trading beneath this support . Then expect this yellow metal to support sellers upto 1148$ – 1140$ today .
A good resistance on intraday gold chart at 1175$ . Xauusd already tested 1174$ last week but could not break our hurdle . Today if traders manage to break this barrier and manage to sustain above our resistance . Then expect gold to test upto 1182$ – 1190$ in today’s trading session .
Gold forecast conclusion : Trend is positive but stay cautious on higher levels .
Silver forecast
Silver ( xagusd ) price trading at 14.90$ not much changed from closing . A good support on intraday xagusd chart at 14.70$ . If traders manage to break this support and sustain trading below our support level . Then expect market to support sellers upto 14.70$ – 14.50$ in today’s trading session .
A good resistance on intraday silver chart at 15.21$ . If xagusd break this level and sustain trading above our today’s resistance . Then expect market to fire upto 15.45$ – 15.70$ in today’s trading session .
Silver forecast conclusion : Trend is positive . But its time to take caution note on higher levels .
More will update to our trading signal subscribers .