Gold forecast
Gold price ( xauusd ) trading at 1082$ today . Yesterday it cracked from 1088$ till 1077$ . A good resistance on intraday gold chart stands at 1091$ . Once buyers break this hurdle and manage to sustain above our resistance then expect market to zoom upto 1100$ – 1108$ .
A good support on gold chart 1074$ . Once sellers break this level and manage to sustain beneath our intraday support . Then expect market to correct upto 1066$ – 1060$ today .
Gold forecast conclusion : Trend is flat to weak for now . But not recommend to sell fresh here .
Silver forecast
Silver price ( xagusd ) trading at 13.85$ . Yesterday xagusd cracked from 14.05$ till 13.74$ . A good support on intraday chart at 13.70$ . Once sellers manage to break this level and sustain beneath this support . Then expect this metal to correct upto 13.50$ – 13.20$ today .
A good resistance in silver today at 14.11$ . Once buyers break this barrier and manage to sustain above our hurdle . Then expect buyers to zoom upto 14.40$ – 14.71$ today .
Silver forecast conclusion : Trend is flat to weak for now . But no fresh selling recommendation on these levels .
More will update to our trading signal subscribers