Gold forecast
Gold ( xauusd ) price trading at 1274$ . Last night it crashed from 1281$ till 1261$ . We cashed this move as we initiated our sell at 1276$ and booked profits at 1268$ . Gold chart has a good resistance at 1282$ . If traders break this major hurdle today and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1290$ – 1300$ today .
A good support on gold chart stands at 1260$ today . If traders break this major support level and manage to sustain beneath our support today . Then expect this commodity to test upto 1251$ – 1242$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now .
Silver forecast
Silver ( xagusd ) crashed last night from 17.40$ till 16.95$ . Today it tested 16.87$ range in early morning session . Currently prices recovered and flirting with 17.10$ . A good resistance on silver chart stands at 17.31$ . If traders break this hurdle and manage to sustain trade above our hurdle today . Then expect this commodity to test upto 17.53$ – 17.80$ today .
A good support on silver chart stands at 16.85$ . If traders break this hurdle and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 16.60$ – 16.30$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
More will update to our trading signal subscribers .