Gold forecast
Gold price trading at 1079$ . Yesterday gold fired from 1067$ to 1081$ . We cashed it this move as we gave a buy signal in gold yesterday . Today gold chart shows a resistance at 1085$ . If price manage to break this and sustain above our intraday resistance then expect market to zoom upto 1093$ – 1100$ today .
Gold chart suggests an intraday support at 1063$ . If prices manage to break this and sustain below this intraday support then expect market to correct upto 1054$ – 1047$ today .
Gold forecast conclusion : Trend is flat to positive for today . But do not take any fresh buy position as it already zoomed 12$ from its lowest point . Big charts are still in selling zone so stay alert .
Silver forecast
Silver price trading at 14.23$ . It recovered from 14.05$ till 14.30$ yesterday . A good resistance on chart at 14.40$ . If price break this and sustain above this intraday resistance then expect market to zoom upto 14.70$ – 15$ today .
If silver price manage to break our support at 13.98$ and sustain below our intraday support today then expect this metal to correct upto 13.80$ – 13.55$ today .
Silver forecast conclusion : Silver trend is flat to positive for now .
More will update to our trading signals subscribers