Gold forecast
Gold ( xauusd ) price trading at 1249$ . Pretty higher from its last friday’s closing . Our positional signal buy initiated at 1228$ which is up 21$ already . A good support on gold chart at 1238$ . If traders break this base support and manage to sustain beneath our technical support today . Then expect xauusd to correct upto 1229$ – 1218$ today .
A good resistance on gold chart today stands at 1257$ . If traders break this hurdle and manage to sustain above our resistance today . Then expect xauusd to fire upto 1264$ – 1271$ today .
Gold forecast conclusion : Trend is positive for now . Avoid selling without a proper stoploss . It could be lethal for your account .
Silver forecast
Silver ( xagusd ) price roaring today at 15.46$ . Our positional buy initiated at 15.20 last week . A good support on silver chart stands at 15.18$ . If traders break this major level and manage to sustain below our support today . Then expect xagusd to correct upto 15$ – 14.80$ today .
A good resistance on silver chart stands at 15.66$ . If traders break this hurdle and manage to sustain above our resistance today . Then expect xagusd to zoom upto 15.88$ – 16.10$ today .
Silver forecast conclusion : Trend is positive for now . Avoid any selling .
More will update to our trading signal subscribers .