Gold forecast
Gold ( xauusd ) price trading today at 1250$ . It tested 1256$ today and it started consolidating from there . A good support on gold chart stands at 1242$ . If traders break this major level and manage to sustain beneath our support today . Then expect this commodity prices to fall upto 1236$ – 1227$ today .
A good resistance on gold chart stands at 1258$ . If traders break this hurdle today and manage to sustain trade above our resistance today . Then expect this commodity to zoom upto 1266$ – 1273$ today .
Gold forecast conclusion : Xauusd trend is in favor of sellers . Avoid any buy trade for now .
Silver forecast
Silver ( xagusd ) price trading at 16.36$ . A good support on silver chart stands at 16.15$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this commodity to test upto 15.90$ – 15.70$ in today’s trading session .
A good resistance on silver chart stands at 16.55$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to fire upto 16.80$ – 17$ in today’s trading session .
Silver forecast conclusion : Xagusd trend is weak for now . Avoid any buy trade .
More will update to our trading signal subscribers .