Gold forecast
Gold ( xauusd ) price continued its range bound movement as its trading in 7-8$ zone only . Currently prices are trading at 1131$ . A good resistance on daily chart stands at 1142$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1151$ – 1159$ today .
A good support on daily chart stands at 1125$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1117$ – 1108$ today .
Gold forecast conclusion : Xauusd trend is flat for now .
Silver forecast
Silver ( xagusd ) price trading at 15.89$ . Again its trading in 20-25 cents range and not contributing in earnings due to its range . A good base level on daily chart stands at 15.70$ . If traders break this major base and manage to sustain trade beneath our support today . Then expect silver price to to test upto 15.50$ – 15.30$ today .
A good hurdle on daily chart stands at 16.25$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 16.50$ – 16.72$ today .
Silver forecast conclusion : Xagusd trend is flat for now .
More will update to our trading signal subscribers .