Gold forecast
Today is the day kinda judgement day for market as fed would announce its interest rate decision i hope they seriously consider to hike interest rate because this event gives whole week trading a big pause and we just need to stay extra cautious with this boring event every 2nd month , Yesterday gold has fired beautifully and crossed our resistance of 1118$ and tested 1124$ currently gold prices trading at 1120$ a good resistance in gold today at 1128$ once market break this and sustain above our resistance level today then expect gold to fire upto 1136$ – 1144$ today
If gold price click our technical support at 1109$ and sustain below our gold support today then expect small correction upto 1102$ – 1091$ today
Gold forecast conclusion : Gold trend is positive for now
Silver forecast
Silver fired with gold yesterday and tested almost 15$ but now trading at 14.90$ once silver price click our technical resistance today at 15.11$ and sustain above our silver resistance today then expect fire in silver upto 15.40$ – 15.70$
If silver price click our technical support today at 14.60$ and sustain below our silver support level today then expect market to correct upto 14.35$ – 14.05$ today
Silver forecast conclusion : Silver trend is positive for now
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