Gold forecast
Gold ( xauusd ) price trading at 1329$ . It spiked early morning till 1332$ due to chinese data . It spiked and rested back below 1330$ zone . A good support on intraday gold chart stands at 1318$ . If traders break this major base level and manage to sustain trade beneath our support . Then expect this precious metal to test upto 1309$ – 1300$ today .
A good resistance on daily gold chart stands at 1333$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1341$ – 1348$ today .
Gold forecast conclusion : Xauusd trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) price trading at 19.16$ . Last night it tested near 18.70$ and fired back just before closing . Early morning it tested 19.28$ and reverted back from higher zone . Today silver has a good hurdle at 19.40$ . If traders break this major resistance and manage to sustain trade above our hurdle . Then expect this major commodity to test upto 19.63$ – 19.86$ today .
A good support on daily silver chart stands at 18.90$ . If traders break this major base level and manage to sustain trade beneath our base zone . Then expect this major commodity to test upto 18.70$ – 18.50$ today .
Silver forecast conclusion : Xagusd trend is flat to positive for now .
More will update to our trading signal subscribers.