Gold forecast
Gold price ( xauusd ) trading at 1085$ . Yesterday it crashed from odd 1100$ till 1085$ . A good crack of 15$ from 1100$ which is pretty important psychological level . Today a good resistance stands at 1100$ . If buyers manage to break this level and sustain above our technical hurdle . Then expect xauusd to fire upto 1108$ – 1117$ today .
A good support on chart at 1078$ . Once this taken out by bears and manage to sustain beneath this level . Then expect gold price to correct upto 1069$ – 1063$ today .
Gold forecast conclusion : Trend is flat to weak for now .
Silver forecast
Silver price ( xagusd ) trading at 13.81$ . A good support on chart at 13.60$ . If bears take this support out and they manage to sustain below this level . Then expect more red in xagusd upto 13.40$ – 13.20$ today .
A good resistance in xagusd price at 14.06$ . Once this resistance is out and they manage to hold above our resistance then expect market to zoom upto 14.30$ – 14.55$ . Major hurdle is 14.55$ above this real magic would happen in silver .
Silver forecast conclusion : Trend is flat to weak for now .
More will update to our trading signal subscribers