Gold forecast
Gold ( Xauusd ) price fired after making low near 1170$ . Currently prices trading at 1192$ . A good support on daily chart stands at 1184$ . Once traders break this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1176$ – 1170$ today .
A good resistance on daily chart stands at 1200$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1207$ – 1214$ today .
Gold forecast conclusion : Xauusd trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) price trading at 16.46$ . A good base level on daily chart stands at 16.22$ . Once traders take this base level out and manage to sustain trade beneath our support today . Then expect more pain in silver prices upto 16.02$ – 15.80$ today .
A good hurdle on daily chart stands at 16.80$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver price to test upto 17.02$ – 17.24$ today .
Silver forecast conclusion : Xagusd trend is flat to positive for now .
Its weekend . So do not take big qty trades . Trade small qty with strict stoploss as market has bigger range now .
More will update to our trading signal subscribers .