Gold forecast
Gold price ( xauusd ) trading at 1078$ . Yesterday it fired with full power and we cashed it smartly . Our trading signal initiated at 1072$ to buy and we booked at 1079$ . A good resistance on chart at 1086$ for today’s trading session . If market break this hurdle and manage to sustain trade above this level . Then expect xauusd to favor buyers upto 1092$ – 1100$ today .
A good support on chart at 1063$ for today’s trading session . Once market break this and manage to sustain beneath this level then expect gold to support bears upto 1055$ – 1047$ today .
Gold forecast conclusion : Trend is positive for now . Avoid any sell trade .
Silver outlook
Silver price ( xagusd ) trading at 13.95$ . Yesterday it fired till 14.20$ and cracked . Our trading signal’s target was 14.20$ only . We cashed it from 13.96$ till 14.20$ . A good resistance on chart at 14.31$ for today’s trading session . If market break this and manage to sustain above our hurdle . Then expect xagusd to zoom upto 14.55$ – 14.80$ today .
A good support on chart for today’s trading session at 13.70 . If silver price break our support at 13.70$ and manage to sustain below our support . Then expect market to correct upto 13.40$ – 13.20$ today .
Silver outlook conclusion : Trend is in favor of buyers . Avoid any sell trade .
More will update to our trading signal subscribers .