Gold forecast
Gold ( xauusd ) price trading at 1272$ . Yesterday it fired pretty hard . In last session it made low below 1240$ and then recovered when US market opened . We cashed it from 1264.50$ till 1272$ . When we gave signal to our paid subscribers to entered long at 1264.50$ . Currently its trading at our signal’s target 1272$ . A good resistance on gold daily chart at 1281$ . If traders break this hurdle and manage to sustain trade above our hurdle today . Then expect xauusd to support buyers upto 1290$ – 1300$ today .
A good support on daily gold chart at 1261$ . If traders break this base support and manage to sustain trade beneath this level . Then expect xauusd to support sellers upto 1252$ – 1244$ today .
Gold forecast conclusion : Gold trend is positive for now .
Silver forecast
Silver ( xagusd ) trading at 15.60$ . Yesterday we cashed it when we gave a buy signal to our paid subscribers . We entered st 15.40$ and booked profit at 15.63$ . Today a good resistance on silver chart at 15.81$ . If traders break this hurdle and manage to sustain trade above our resistance . Then expect xagusd to zoom upto 16.05$ – 16.30$ today .
A good support on silver chart today at 15.30$ . If traders break this major base support and sustain trading beneath this level . Then expect xagusd to support sellers upto 15.05$ – 14.80$ today .
Silver forecast conclusion : Silver trend is positive for now .
More will update to our trading signal subscribers .