Gold forecast
Gold ( xauusd ) price trading a bit higher today at 1255$ . A good support on daily gold chart at 1248$ . If traders break this suppot and manage to sustain trade beneath this level . Then expect market to correct upto 1240$ – 1231$ .
A good resistance on gold chart today at 1263$ . If traders break this hurdle and manage to trade above our resistance today . Then expect market to zoom upto 1271$ – 1280$ today .
Gold forecast conclusion : Trend is flat to weak for now .
Silver forecast
Silver ( xagusd ) price trading at 15.61$ . Its outperforming its counterpart yellow precious metal as its trading higher than xauusd today . A good resistance on silver daily chart at 15.76$ . If traders break this hurdle and manage to sustain above our resistance . Then expect xagusd to zoom upto 16$ – 16.26$ today .
If silver price break our support today at 15.30$ and manage to sustain trading beneath our support . Then expect market to correct upto 15.05$ – 14.80$ today .
Silver forecast conclusion : Trend is flat to positive for now .
More will update to our trading signal subscribers .No major data today so trade accordingly . Tomorrow we have Japan and Australia’s Monetary policy .