Gold forecast
Gold ( xauusd ) price trading at 1214$ . Last night it crashed from 1220$ till 1206$ and then bounced back in early morning session . It broke our major support of 1208$ last night but could’nt actually sustain there . A good support on daily chart stands at 1206$ . Once traders break this major base level and manage to sustain trade beneath our support today . Then expect gold price to crack upto 1198$ – 1191$ today .
A good hurdle on daily chart stands at 1221$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold price to test upto 1228$ – 1235$ today .
Gold forecast conclusion : Xauusd trend is flat for now .
Silver forecast
Silver ( xagusd ) price cracked from 16.90$ to 16.55$ last night . Currently its trading at 16.66$ . A good base level on daily chart stands at 16.47$ . Once traders break this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 16.25$ – 16.05$ today .
A good hurdle on daily chart stands at 16.90$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver price to test upto 17.20$ – 17.55$ today .
Silver forecast conclusion : Xagusd trend is flat for now .
More will update to our trading signal subscribers .