Gold forecast
Gold ( xauusd ) price trading at 1261$ . Yesterday it cracked from 1265$ to 1255$ then bounced back again today . Its trading in a small range since yesterday . A good support on daily gold chart stands at 1248$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect xauusd prices to correct upto 1240$ – 1232$ today .
A good resistance on gold daily chart stands at 1272$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1281$ – 1290$ today .
Gold forecast conclusion : Xauusd trend is flat to positive for now
Silver forecast
Silver ( xagusd ) price trading at 17.78$ . It fired from 17.60$ and trending in upwards direction since yesterday . It favoring buyers since yesterday as it rarely cracked last night . A good base level today stands at 17.48$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect silver prices to correct upto 17.25$ – 17$ today .
A good resistance on silver chart stands at 17.92$ . If traders this major hurdle and manage to sustain trade above our hurdle . Then expect this precious metal to test upto 18.12$ – 18.33$ today .
Silver forecast conclusion : Xagusd trend is positive for now .
More will update to our trading signal subscribers .