Silver Gold price daily update 17th june 2016

Silver forecast

Silver ( xagusd ) price trading at 17.31$ today . Last night it lost all its gains and tested low of 17.14$ . A good support on intraday silver chart stands at 17.15$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this commodity to test upto 16.92$ – 16.70$ today .

A good resistance on silver intraday 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 .

Silver forecast conclusion : Xagusd trend is flat to weak for now .

Gold forecast

Gold ( xauusd ) price crashed beautifully from 1315$ till 1277$ last night . Its fallen with double speed . Currently prices are trading at 1280$ . A good support on gold chart stands at 1272$ . If traders break this major support and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1263$ – 1254$ today .

A good resistance on intraday gold chart stands at 1291$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1299$ – 1308$ today .

Gold forecast conclusion : Xauusd trend is weak for now .

More will update to our trading signal subscribers .