Gold forecast
Gold ( Xauusd ) price trading flat at 1128$ . Despite narrow movement we extracted profits yesterday as we bought at 1125$ and booked at 1131$ . A good support in today’s trading session at 1117$ . If xauusd price break this intraday support and manage to sustain below our support then expect traders to enjoy red upto 1109$ – 1100$ today .
A good resistance on intraday gold chart at 1133$ . If price break this resistance and manage to sustain above our hurdle . Then expect market to support buyers upto 1140$ – 1147$ today .
Gold forecast conclusion : Trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) price trading at 14.30$ . Even yesterday it tested 14.40$ but it could not sustain higher . A good resistance for today’s trading session at 14.52$ . If price break this resistance and manage to sustain above our resistance . Then expect market to fire upto 14.70$ – 14.90$ today .
A good suppor on intraday silver chart at 14$ . If traders manage to break this support and sustain below our support today . Then expect market to correct upto 13.80$ – 13.60$ today .
Silver forecast conclusion : Trend is positive for now .
More will update to our trading signal subscribers .