Gold forecast
Gold ( xauusd ) price trading at 1240$ . Its trading pretty higher since yesterday . However its closing upside stoploss for many traders slowly slowly . A good support in today’s chart at 1228$ . If traders break this support and manage to sustain trade beneath our support . Then expect market to correct upto 1218$ – 1207$ today .
A good resistance on intraday gold chart at 1248$ . If traders break this hurdle and manage to hold above our resistance . Then expect market to zoom upto 1257$ – 1266$ today .
Gold forecast conclusion : Trend is flat to positive for now . But stay cautious on higher levels .
Silver forecast
Silver ( xagusd ) price trading at 14.94$ . A good resistance on silver daily chart at 15.11$ . If traders break this hurdle and manage to trade sustain above our resistance . Then expect market to zoom upto 15.35$ – 15.55$ today .
A good support on silver daily chart at 14.66$ . Once traders break this hurdle and manage to sustain trade beneath this level . Then expect market to correct upto 14.45$ – 14.20$ today .
Silver forecast conclusion : Trend is flat for now .
More will update to our trading signal subscribers .