Gold forecast
Gold ( xauusd ) price trading today at 1247$ . Yesterday it tested 1270$ and reverted immediately and crashed below 1250$ . A good support on gold chart stands at 1238$ . If traders break this support level and manage to sustain trade beneath our support today . Then expect xauusd to correct upto 1229$ – 1221$ today .
A good resistance on gold chart stands at 1256$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect xauusd to zoom upto 1262$ – 1270$ today .
Gold forecast conclusion : Trend is flat to negative for now .
Silver forecast
Silver ( xagusd ) price trading at 17.05$ . Yesterday it crashed from 17.50$ till 16.80$ within hours . A good support on silver chart stands at 16.70$ . If traders manage to break this level and sustain trade beneath our support level today . Then expect xagusd to correct upto 16.45$ – 16.20$ .
A good resistance on silver chart stands at 17.30$ . If traders break this resistance and manage to sustain trade above our hurdle today . Then expect xagusd to zoom upto 17.55$ – 17.80$ today .
Silver forecast conclusion : Trend is flat for now .
More will update to our trading signal subscribers