Gold forecast
Gold ( Xauusd ) price were in a small range yesterday . Today in early session it tested 1243$ but recovered its ground pretty quick and currently prices are trading at 1258$ . A good resistance on gold chart today stands at 1266$ . If traders break this major hurdle and manage to sustain trade above our hurdle today . Then expect xauusd to test 1272$ – 1281$ in today’s trading session .
A good support on gold chart standa at 1241$ . If traders manage to break this base level and sustain trade beneath our support today . Then expect xauusd to test upto 1234$ – 1226$ in today’s trading session .
Gold forecast conclusion : Trend is positive for now . Avoid any major selling trade for now .
Silver forecast
Silver ( Xagusd ) prices are roaring at 17.40$ now . Its overpowering its competitor yellow precious metal in every aspect . This outperformance can continue today . A good hurdle on silver chart stands at 17.61$ . If traders test this range and manage to sustain trade above our resistance today . Then expect xagusd to zoom upto 17.85$ – 18.05$ in today’s trading session .
A good support on silver chart stands at 17.10$ . If traders manage to break this level and sustain trade beneath our support today . Then expect some red color in this major commodity today upto 16.90$ – 16.70$ .
Silver forecast conclusion : Trend is positive for now .
More will update to our trading signal subscribers