Gold forecast
Yesterday gold ( xauusd ) price cracked from 1300$ till 1278$ . We enjoyed this crash as our sell signal initiated at 1287$ for target of 1280.50$ . Currently prices are trading at 1283$ . A good resistance on chart stands at 1292$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1300$ – 1308$ today .
A good support on daily chart stands at 1275$ . Once traders take this base level out and manage to sustain trade beneath our support today . Then expect gold price to test upto 1268$ – 1260$ today .
Gold forecast conclusion : Xauusd trend is flat for now .
Silver forecast
Silver ( xagusd ) price trading at 18.23$ . Yesterday it tested 18$ and our subscribers enjoy shorts from 18.19$ till 18$ . Even our mcx subscribers booked profits of more than 200 point in that trade . A good base level on daily chart stands at 17.98$ . Once traders take this base level out and manage to sustain trade beneath our support today . Then expect silver prices to test upto 17.75$ – 17.51$ today .
A good hurdle on silver chart stands at 18.46$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this commodity to test upto 18.70$ – 18.90$ today .
Silver forecast conclusion : Xagusd trend is flat for now .
Today we have US elections . It will begin from today and we will see result by late night or tomorrow morning . So dont trade big and lets wait for result .
More will update to our trading signal subscribers .