Gold forecast
Gold ( xauusd ) price trading at 1272$ . Yesterday it tested 1278$ then again failed to make any big move and came back in 1270$ zone . A good support on gold chart stands at 1264$ today . If traders break this major hurdle and manage to sustain trade beneath our support today . Then expect this commodity to correct upto 1256$ – 1250$ today .
A good resistance on gold chart stands at 1282$ . If traders break this hurdle and manage to sustain trade above this resistance today . Then expect this precious metal to zoom upto 1290$ – 1300$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now .
Silver forecast
Silver ( xagusd ) price trading flat at 17.30$ . Yesterday it tried to tested 17.50$ zone but it could not sustain on higher levels and cracked from those levels . Currently a good support on silver chart stands at 17.15$ . If traders break this major support and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 16.95$ – 16.71$ today .
A good resistance on silver chart stands at 17.55$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this commodity to zoom upto 17.80$ – 18$ today .
Silver forecast conclusion : Xagusd trend is flat for now .
More will update to our trading signal subscribers .