Gold forecast
Gold ( xauusd ) price tested 1151$ yesterday and bounced back till 1165$ . Currently prices are trading at 1162$ . A good support on daily chart stands at 1154$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1147$ – 1140$ today .
A good resistance on daily chart stands at 1168$ . Once traders take this hurdle out and manage to sustain trade above our resistance today . Then expect gold price to test upto 1175$ – 1182$ today .
Gold forecast conclusion : Xauusd trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) price 17.07$ . It tested near 17.20$ last night and reverted back again . A good hurdle on daily chart stands at 17.25$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 17.54$ – 17.70$ today .
A good base level on daily chart stands at 16.90$ . If traders take this level out and manage to sustain trade beneath our support today . Then expect silver price to test upto 16.70$ – 16.50$ today .
Silver forecast conclusion : Xagusd trend is flat to positive for now .
More will update to our trading signal subscribers