Gold forecast
Gold ( xauusd ) price trading at 1292$ . A good support on gold chart stands at 1283$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect xauusd to correct upto 1275$ – 1267$ .
Gold chart has a good resistance at 1302$ . If traders break this major hurdle today and manage to sustain trade above our resistance today . Then expect xauusd to zoom upto 1308$ – 1317$ today .
Gold forecast conclusion : Trend is positive for now . Avoid any major selling trade .
Silver forecast
Silver ( xagusd ) price trading at 17.80$ . A good support on silver chart stands at 17.50$ . If traders break this base level and manage to sustain trade beneath our support . Then expect xagusd to correct upto 17.20$ – 17$ today .
A good resistance on silver chart stands at 18.05$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect xagusd to zoom upto 18.30$ – 18.55$ today .
Silver forecast conclusion : Trend is positive for now .
Today we have ECB chairman speech and US manufacturing data . Stay cautious near speech and data as they may diserupt the flow of market .
More will update to our trading signal subscribers .