Silver forecast
Silver ( xagusd ) price trading at 19.82$ . Its trading in a small range since yesterday and just gave a spike near 20$ but again came back . A good support on silver intraday chart stands at 19.70$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 19.48$ – 19.26$ today .
A good resistance on intraday silver chart stands at 20.05$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test uptp 20.28$ – 20.53$ today .
Silver forecast conclusion : Xagusd trend is flat for now . Avoid any major trade .
Gold forecast
Gold ( xauusd ) price trading at 1330$ . It made high of 1338.40$ . A good resistance on intraday gold chart stands at 1341$ . If traders break this major hurdle and manage to sustain trade above our hurdle today . Then expect this precious metal to test upto 1349$ – 1357$ today .
If gold price break our intraday technical support at 1320$ and manage to sustain trade beneath our support today . Then expect this precious metal to test lower levels upto 1313$ – 1307$ today .
Gold forecast conclusion : Xauusd trend is flat for now .
More will update to our trading signal subscribers .