Gold forecast
Gold ( xauusd ) price trading higher today at 1228$ . It crashed yesterday below 1220$ then recovered late night . We made some bucks by entering into buy at 1221.50$ but we exited at 1225$ last night itself . A good resistance on gold chart stands at 1238$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this commodity to test upto 1245$ – 1252$ today .
A good support on gold chart stands at 1217$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1208$ – 1200$ today .
Gold forecast conclusion : Xauusd trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) trading higher today at 16.42$ . Yesterday it did not crash like gold and managed to sustain at 16.25$ zone . A good support on silver chart stands at 16.20$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this commodity to test upto 16$ – 15.80$ today .
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 16.80$ – 17$ in this precious metal .
Silver forecast conclusion : Xagusd trend is flat to positive for now .
Today we have core durable goods orders and unemployment claims data from US . So trade small qty around data .
More will update to our trading signal subscribers .