Gold forecast
Gold ( xauusd ) price trading at 1308$ . It tested 1304$ and then started trading in a narrow range since then . A good support on intraday gold chart stands at 1298$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1290$ – 1281$ today .
A good resistance on intraday gold chart stands at 1319$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1327$ – 1336$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now .
Silver forecast
Silver ( xagusd ) price trading at 18.70$ . Yesterday it tested 18.55$ zone and then bounced back from there . A good support on intraday silver chart stands at 18.45$ . If traders break this base level and manage to sustain trade beneath our base today . Then expect this major commodity to test upto 18.22$ – 18.01$ today .
A good resistance on intraday silver chart stands at 18.91$ . If traders break this major hurdle and manage to sustain trade above our hurdle today . Then expect this precious metal to test upto 19.10$ – 19.33$ today .
Silver forecast conclusion : Xagusd trend is flat to positive for now .
Today we have manufacturing data from US and UK . Stay cautious .
More will update to our trading signal subscribers .