Gold forecast
Yesterday gold prices finally took off and fired above 1100$ . Its sustaining pretty well above 1100$ . A good resistance on intraday chart at 1108$ . Once buyers manage to pull this up and sustain trading above this hurdle . Then expect xauusd to fire upto 1117$ – 1128$ today .
A good support on gold chart stands at 1090$ . If sellers manage to drag prices below this level and sustain trading beneath our support . Then expect market to support sellers upto 1082$ – 1073$ today .
Gold forecast conclusion : Trend is positive for now . Avoid major selling position .
Silver forecast
Silver price ( xagusd ) literally standing in same range and its not even going neck to neck with xauusd . Its underperfoming with big margins . Currently trading at 14.15$ . A good resistance on intraday chart stands at 14.31$ . Once this resistance is out and traders manage to sustain trade above our hurdle . Then expect market to support buyers upto 14.55$ – 14.80$ today .
A good support on intraday chart stands at 13.90$ today . Once this support is broken and traders manage to trade below this level . Then expect silver to correct upto 13.70$ – 13.50$ today .
Silver forecast conclusion : Trend is flat to positive for now .
More will update to our trading signal subscribers .