Silver forecast
Silver ( xagusd ) price trading at 17.41$ . Last night it made high of 17.48$ but it could not cross our resistance and retraced from there till 17.30$ . A good resistance on silver chart stands at 17.52$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this commodity to test upto 17.75$ – 17.98$ today .
A good support on daily silver chart stands at 17.20$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this commodity to test upto 17$ – 16.80$ today .
Silver forecast conclusion : Xagusd trend is positive for now .
Gold forecast
Gold ( xauusd ) price tested 1289.80$ last night and retraced back till 1280$ . We had updated our resistance above 1290$ so it respected our resistance pretty well . Today gold chart shows a resistance at 1292$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1300$ – 1308$ today .
A good support on gold chart stands at 1275$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1266$ – 1254$ today .
Gold forecast conclusion : Xauusd trend is positive for now .
More will update to our trading signal subscribers .