Gold forecast
Gold prices ( xauusd ) trading higher today at 1069$ . It benefited from chinese market which sinked 7% and trading suspended for the day . Other asian markets are already down and looks like bears gonna be favorite this year in equity market . Currently gold chart suggests a resistance at 1076$ . If market break this hurdle and manage to sustain above our technical resistance . Then expect xauusd to zoom upto 1084$ – 1091$ today .
A good support on chart at 1062$ . Once bear take this out and manage to sustain trade beneath this level . Then expect market to support bears upto 1055$ – 1048$ today .
Gold forecast conclusion : Trend is positive for now . Buy in dips recommended
Silver outlook today
Silver price ( xagusd ) trading flat at 13.94$ . A good support on chart at 13.70$ . If market break this and manage to sustain trade beneath this level then expect bears to take charge upto 13.45$ – 13.20$ today .
If silver price break our resistance at 14.26$ and manage to sustain above our resistance . Then expect xagusd to zoom upto 14.55$ – 14.81$ today .
Silver outlook conclusion : Trend is positive for now . But gold is outperforming clearly . So trade cautiously .
More will update to our trading signal subscribers
Nice review on gold. Scared me a little but helped avoid putting too much volume on sell.
Thanks 🙂