Gold forecast
Gold ( xauusd ) price seems finally settling after yesterday’s after math . It has tested every level of buyers and every level of sellers in last 24 hours . It tested 1325$ and 1270$ in 24 hours only . Currently prices seems settling at 1286$ . A good hurdle on chart stands at 1292$ . Once traders manage to break this and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1299$ – 1307$ today .
A good support on daily chart stands at 1275$ . Once traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1270$ – 1262$ today .
Gold forecast conclusion : Xauusd trend is still very volatile . So trade very limited qty .
Silver forecast
Silver ( xagusd ) price trading at 18.70$ . This major commodity didnt correct that much from peak . Yesterday it tested 19$ and still trade almost in that zone . A good hurdle on silver chart stands at 19$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 19.24$ – 19.48$ today .
A good base level on daily chart stands at 18.45$ . Once traders break this major base level and manage to sustain trade beneath our base today . Then expect silver prices to tank upto 18.26$ – 18.02$ today .
Silver forecast conclusion : Xagusd trend is positive for now .
More will update to our trading signal subscribers .