Gold Silver signals
A good day for our Gold, Silver signals subscribers. We asked them to buy these precious metals at Monday. We even mentioned in our forecast that we are holding position. Here are our trade which we gave to our subscribers.
Buy Silver at 16.41$ with stoploss of 16.20$ for target of 16.64$. It made high above 16.70$ beating our target. We booked nearly 115 pips profit in this trade and juiced nearly 1100$ profit per lot.
Buy Gold at 1293$ with stoploss of 1286$ for target of 1300$. We updated our target at 1303$, It made high at 1302$ and failed to achieved our target. Later we booked at 1300$ and fetched nearly 70 pips profit in this trade. We extracted approx 700$ profit per lot in this trade.
Currently gold price trading at 1299.50$, as mentioned in our gold forecast today, A good resistance now stands at 1302$, trade and sustain above our resistance. Then expect more firepower in gold price upto 1309$- 1317$ today.
Silver prices are trading at 16.67$, It has crossed our resistance of 16.62$ which we mentioned in today’s forecast. Now silver price may aim upto 16.84$ and 17$.
Dollar Index weakness below 93 caused a spike in precious metals and now it has recovered from lows. Currently trading at 93.20, A good support on dollar index chart stands at 92.90, trade and sustain below this may result in pressure upto 92.60- 92.30 today.
A good resistance in dollar index chart stands at today’s high of 93.51, If traders break and sustain below this level then expect more firepower in dollar upto 93.80- 94.20.
Dollar Index trend is flat for now, keep an eye on major levels.
Equities are also trading in positive as Dow Jones index fired from 24600 to 25000 since yesterday. Currently trading at highest level of the day at 25000. A good hurdle now stands at 25050, trade above this may result in more rise in dow jones index upto 25190- 25400.
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