Gold forecast
Gold ( xauusd ) price trading higher today at 1260$ . It fired from yesterday’s range and currently trading almost at highest point of the day . A good resistance on chart stands at 1271$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1280$ – 1291$ today .
A good support on gold chart stands at 1248$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1240$ – 1232$ today .
Gold forecast conclusion : Xauusd trend is positive for now .
Silver forecast
Silver ( xagusd ) price trading at 17.67$ . Its trading pretty higher from its yesterday’s range . Prices are trading on highest point of the day . A good hurdle on silver chart stands at 17.91$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 18.12$ – 18.35$ today .
A good base level on silver chart stands at 17.45$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 17.20$ – 17$ today .
Silver forecast conclusion : Xagusd trend is positive for now .
We have CPI data from UK and US . Stay cautious .
More will update to our trading signal subscribers .