Gold forecast
Gold ( xauusd ) price trading at 1275$ today . Last it tested near 1290$ but it could not break 1290$ and it cracked from there . A good support on gold chart stands at 1264$ . If traders break this hurdle and manage to sustain trade below our support . Then expect this precious metal to crack upto 1255$ – 1247$ today .
A good resistance on gold chart stands at 1290$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this commodity to test upto 1299$ – 1308$ today .
Gold forecast conclusion : Trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) price tested 17.40-17.45$ zone yesterday . But it could not hold on higher levels and give a cracker in US session . Currently prices are trading at 17.20$ . A good resistance on silver chart stands at 17.55$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this commodity to test upto 17.80$ – 18$ today .
A good support on silver chart stands at 17.10$ . If traders manage to break this major support and sustain trade beneath this level . Then expect this precious metal to test upto 16.90$ – 16.70$ today .
Silver forecast conclusion : Trend is flat to positive for now .
More will update to our trading signal subscribers