Silver forecast
Silver ( xagusd ) price trading today flat at 16$ . Its not going anywhere since yesterday and stuck in a small range . A good support on silver intraday chart stands at 15.75$ . If traders break this major level and manage to sustain beneath our support today . Then expect traders to test this metal upto 15.52$ – 15.30$ today .
A good resistance on silver chart stands at 16.20$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 16.45$ – 16.70$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
Gold forecast
Gold ( xauusd ) price trading at 1215$ . It tested 1219$ in early morning session but not back to normal levels . A good intraday resistance on gold chart stands at 1224$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1231$ – 1239$ today .
A good support on intraday gold chart stands at 1207$ . If traders break this major support and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1199$ – 1190$ in today’s trading session .
Gold forecast conclusion : Xauusd trend is flat for now .
More will update to our trading signal subscribers .