Silver forecast
Silver ( xagusd ) price trading at 19.92$ . Yesterday it cracked till 19.70$ and we cashed this crash as our sell signal initiated in 19.96$ zone . But after making lows it gave good recovery till 20.10$ and now again back in 19.90$ zone . A good support on intraday silver chart stands at 19.68$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 19.45$ – 19.22$ today .
A good resistance on intraday silver chart stands at 20.16$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 20.40$ – 20.66$ today .
Silver forecast conclusion : Silver trend is flat to weak for now .
Gold forecast
Gold ( xauusd ) price trading in 8-9$ range since yesterday . It made low 1323$ yesterday and high 1335$ . Now prices are trading at 1330$ . A good support on intraday gold chart stands at 1317$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect sellers to take over the trend upto 1309$ – 1301$ today .
A good resistance on gold chart stands at 1336$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1342$ – 1351$ today .
Gold forecast conclusion : Gold trend is flat for now .
More will update to our trading signal subscribers .