Gold forecast
Gold ( xauusd ) prices trading slightly higher today at 1263$ . A good resistance on intraday gold chart at 1271$ . Once traders break this hurdle and manage to trade above this resistance . Then expect xauusd to support buyers upto 1280$ – 1291$ today .
A good support on today’s gold chart at 1251$ . Once traders break this support and manage to sustain below our trading support for today . Then expect a small consolidation upto 1240$ – 1231$ today .
Gold forecast conclusion : Trend is positive for today . Avoid any selling for now .
Silver forecast
Silver ( xagusd ) prices trading higher today at 15.56$ . Its sustaining above 15.55$ continously and thats a good sign for buyers . A good resistance zone today at 15.81$ . If traders break this hurdle and manage to trade above our resistance today . Then expect xagusd to zoom upto 16$ – 16.20$ today .
A good support on today’s silver chart at 15.30$ . This is our entry point of our positional signal buying which we gave last week . Once traders break this our support and manage to trade beneath our support level . Then expect xagusd to correct mildly upto 15.05$ – 14.80$ today .
Silver forecast conclusion : Trend is positive for now . Avoid any major selling trade for now .
More will update to our trading signal subscribers .