Gold forecast
Gold price ( xauusd ) trading at 1091$ , slightly higher since morning . A good support in xauusd price at 1083$ . If gold price break this support and manage to hold beneath our support level . Then expect market to support sellers upto 1077$ – 1069$ today .
A good resistance on intraday chart at 1100$ . Once gold break this barrier and manage to sustain above this resistance . Then expect market to zoom upto 1108$ – 1117$ today .
Gold forecast conclusion : Trend is flat to positive for now . Do not trade bulk .
Silver forecast
Silver price ( xagusd ) trading at 14.07$ . A good support on intraday chart at 13.75$ . If xagusd manage to break this and sustain trading beneath this level . Then expect market to correct upto 13.52$ – 13.30$ today .
A good resistance on intraday chart at 14.35$ . Once buyers break this resistance and manage to trade above this level . Then expect silver to support buyers upto 14.55$ – 14.80$ today .
Silver forecast conclusion : Trend is flat to positive for now . Trade limited qty .
More will update to our trading signal subscribers .