Gold forecast
Yesterday we had a party as gold silver both fired and then cracked . Gold prices tested 1182$ and it cracked vertically after fed’s statement . Fed hinted that rate hike might come in december . Comex gold prices cracked almost 35$ within an hour and tested 1152$ after this statement . Right now prices are trading at 1162$ . A good resistance today at 1172$ once market break this and sustain above our hurdle then expect market to take firing power upto 1180$ – 1190$ today .
Support for today in gold prices at 1148$ once comex gold break this and sustain beneath our intraday gold support then expect market to favour bears upto 1140$ – 1131$ today .
Gold forecast conclusion : Gold trend is weak for now . Avoid buy trade till resistance does’nt breach .
Silver forecast
Silver prices tested 16.30$ zone yesterday . we were riding silver long as our signal were to buy at 15.95$ . Currently prices trading at 15.95$ . If silver break our support at 15.66$ and sustain below our intraday support then expect market to test upto 15.40$ – 15.20$ today .
If silver price click our intraday resistance at 16.35$ and sustain above our technical hurdle then expect market to test upto 16.55$ – 16.80$ today .
Silver forecast conclusion : Silver trend is weak for now .
More will update to our trading signals subscribers