Gold forecast
Gold ( xauusd ) price trading at 1347$ . Its trading in a 7-8$ range since yesterday and stuck in that range . A good support on intraday gold chart stands at 1338$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1330$ – 1322$ today .
A good resistance on intraday gold chart stands at 1356$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1365$ – 1372$ today .
Gold forecast conclusion : Xauusd trend is flat to positive for now
Silver forecast
Silver ( xagusd ) price tested 19.72$ but it could not sustain lower and reverted back from our support of 19.75$ . Intraday support on silver chart stands at 19.75$ . If traders break this major base level and manage to sustain trade beneath our base today . Then expect this major commodity to test upto 19.51$ – 19.30$ today .
A good hurdle on intraday silver chart stands at 20.15$ . If traders break this major hurdle and manage to sustain trade above our hurdle . Then expect this major commodity to test upto 20.44$ – 20.70$ today .
Silver forecast conclusion : Xagusd trend is flat to positive for now .
More will update to our trading signal subscribers .