Gold forecast
Gold ( xauusd ) price trading at 1176$ . Its trading a bit lower compared to the high it made early morning near 1190$ . A good support on daily chart stands at 1166$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1160$ – 1152$ today .
A good resistance on daily chart stands at 1191$ . If traders break this major hurdle today and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1199$ – 1207$ today .
Gold forecast conclusion : Xauusd trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) price trading at 16.70$ . Early morning it tested 17$ and reverted back from there . A good base level on daily chart stands at 16.50$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect silver price to test upto 16.30$ – 16.05$ today .
A good hurdle on daily chart stands at 16.92$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver price to test upto 17.10$ – 17.32$ today .
Silver forecast conclusion : Xagusd trend is positive for now .
More will update to our trading signal subscribers .