Gold forecast
Gold price ( xauusd ) trading at 1074$ . Its trading flat since yesterday . As we entered in festive trading session . Volumes have dropped and market narrow range is all what we got . A good resistance on chart at 1083$ . If price beat this level and manage to sustain above our resistance level then expect market to test upto 1090$ – 1100$ today .
If gold price ( xauusd ) break our chart support at 1065$ and manage to sustain below our today’s support then expect market to correct upto 1055$ – 1047$ today .
Gold forecast conclusion : Trend is flat to positive for now . Avoid major trading as market trading in very narrow range .
Silver outlook
Silver price ( xagusd ) trading in 6-7 cents range since yesterday . Currently roaming at 14.31$ . A good resistance on chart at 14.52$ . If market beat that and manage to sustain above our hurdle then expect market to zoom upto 14.55$ – 14.80$ today .
If silver price break our chart support at 14.05$ and manage to sustain below our today’s support then expect market to correct upto 13.80$ – 13.60$ today .
Silver outlook conclusion : Trend is flat to positive for now . Trade small qty
More will update to our trading signal subscribers