Gold forecast
Gold ( xauusd ) price trading at 1233$ . Yesterday it traded in a small range of 1225$ – 1237$ . A good resistance on gold chart today at 1242$ . If traders break this hurdle and manage to sustain above our resistance . Then expect xauusd to zoom upto 1250$ – 1258$ today .
A good support on gold chart today at 1217$ . If traders break this base support and manage to sustain trade beneath this level . Then expect xauusd to tank upto 1208$ – 1200$ today .
Gold forecast conclusion : We have Fed meeting tonight so do not trade in bulk qty . Trend is flat to negative for now .
Silver forecast
Yesterday Silver ( xagusd ) made low of 15.18$ . Our trading signal target was just some cents away from lows . Later we booked approx 600$ profit at 15.26$ last night . Currently prices are trading at 15.30$ . A good resistance on silver chart at 15.55$ . If traders break this hurdle and manage to sustain trade above this level . Then expect xagusd to zoom upto 15.81$ – 16$ today .
A good support on silver chart stands at 15.15$ . If traders break this base support and sustain trade beneath this level . Then expect xagusd to tank upto 15$ – 14.80$ today .
Silver forecast conclusion : Trend is flat to negative for now .
More will update to our trading signal subscribers .