Gold forecast
Gold ( xauusd ) price trading at 1173$ . Yesterday we updated our forecast on same levels and same range . Today daily chart suggests a good support at 1160$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1152$ – 1146$ today .
A good resistance on daily chart stands at 1181$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1190$ – 1199$ today .
Gold forecast conclusion : Xauusd trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) price trading at 16.55$ . Yesterday it tested 16.24$ due to china’s data . A good base level on today’s chart stands at 16.30$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver price to test upto 16.05$ – 15.80$ today .
A good hurdle on daily chart stands at 16.90$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect more power to buyers upto 17.20$ – 17.50$ today .
Silver forecast conclusion : Xagusd trend is flat to positive for now .
More will update to our trading signal subscribers .