Gold forecast
Yesterday gold ( xauusd ) price made high at 1278$ but tank later . It made low of 1260$ till midnight or till US close . It opened lower in morning and tested 1251$ zone . Currently prices are trading at 1256$ . A good support on daily gold chart at 1247$ . If traders break this base level and manage to sustain trade beneath this support . Then expect upper hand by sellers upto 1240$ – 1231$ today .
A good resistance in daily gold chart at 1266$ . Once traders break this hurdle and manage to sustain trade above our resistance . Then expect market to zoom upto 1277$ – 1286$ today .
Gold forecast conclusion : Trend is weak for today . Avoid any major buying .
Silver forecast
Silver ( xagusd ) price cracked yesterday from 15.70$ till 15.35$ . Its trading even lower today at 15.27$ . A good support on today’s silver chart at 15$ . If traders break this base level and manage to trade beneath this support . Then expect bears to have upper hand in xagusd upto 14.70$ – 14.50$ today .
A good resistance on silver chart at 15.50$ . If traders break this hurdle and manage to trade above our resistance today . Then expect market to support buyers upto 15.76$ – 15.91$ today .
Silver forecast conclusion : Trend is weak for today .
More will update to our trading signal subscribers .