Gold forecast
Gold price ( xauusd ) trading higher at 1106$ . A good support on chart at 1097$ . If market price break this and manage to sustain beneath this level . Then expect bears to drag prices upto 1090$ – 1081$ today .
If gold price ( xauusd ) break our technical resistance at 1117$ and manage to sustain above this level . Then expect buyers to take prices in their favor upto 1128$ – 1140$ today .
Gold forecast conclusion : Trend is positive for now . But stay cautious on higher levels .
Silver forecast
Silver price ( xagusd ) trading at 14.02$ . A good support on chart at 13.80$ . If sellers manage to break this and manage to sustain beneath this level . Then expect market to correct upto 13.55$ – 13.30$ today .
If silver price( xagusd ) break our resistance at 14.30$ and manage to sustain above our hurdle . Then expect market to zoom upto 14.55$ – Once market zoom above 14.55$ then green days for silver buyers not ruled out .
Silver forecast conclusion : Trend is flat to negative for now .
Chinese markets again panicing as its down 3% , So stay cautious . January gonna be a zigzag month .
More will update to our trading signal subscribers .