Gold forecast
Gold ( xauusd ) price opened lower today . Currently trading at 1216$ . Its trading at 1217$ . A good support on daily gold chart at 1207$ . If traders manage to break this support and sustain beneath our support . Then expect market to correct upto 1200$ – 1190$ today .
A good resistance on daily gold chart at 1228$ . If traders manage to break this hurdle . Then expect market to zoom upto 1237$ – 1248$ today .
Gold forecast conclusion : Its all about crude oil nowdays . Its trading higher which is giving boost to dollar and world equity markets . Hence gold is down . Currently its intraday chart suggests weak trend . Keep an eye on crude oil as well to get better idea about today’s trend . If it goes down again then xauusd might shoot up once again . So stay cautious
Silver forecast
Silver ( xagusd ) price trading at 15.25$ . Its also trading slightly on lower side . A good resistance in this white metal at 15.55$ . If traders break this hurdle and manage to hold above this resistance . Then expect buyers to have upper hand in market ypto 15.80$ – 16$ today .
A good support on intraday silver chart at 15$ . If traders break this support and manage to trade beneath this support . Then expect market to support sellers upto 14.80$ – 14.60$ in today’s trading session .
Silver forecast conclusion : Trend is flat to negative for today .
More will update to our trading signal subscribers .