Gold forecast
Gold ( xauusd ) price trading at 1168$ . Again it came back in same range and trading there only . Market stuck in 10-15$ range since a week . A good support on today’s chart stands at 1160$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1151$ – 1142$ today .
A good resistance on daily chart stands at 1181$ . If traders break this major hurdle and manage to sustain trade above our resistance . Then expect gold price to test upto 1189$ – 1198$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now .
Silver forecast
Silver ( xagusd ) price trading at 16.66$ . Yesterday it tested 16.88$ and came back sharply . A good base level on today’s chart stands at 16.45$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver prices to test upto 16.25$ – 16$ 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 17.12$- 17.40$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
More will update to our trading signal subscribers .