Gold forecast
Gold ( xauusd ) price trading at 1297$ . Yesterday it crashed beautifully from 1300$+ till 1286$ . We enjoyed this crash as our sell signal initiated at 1294$ for target of 1287$ . A good support on chart stands at 1284$ . Once traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1276$ – 1270$ today .
A good resistance on chart stands at 1308$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1317$ – 1326$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now .
Silver forecast
Silver ( xagusd ) price trading at 18.22$ . Yesterday it cracked from 18.60$ till 18$ . We enjoyed this crack as our sell initiated at 18.22$ and we booked profits at 18.01$ . A good base level on daily chart stands at 17.90$ . Once traders break this major level and manage to sustain trade below our support today . Then expect silver prices to test upto 17.70$ – 17.45$ today .
A good hurdle on chart stands at 18.51$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 18.72$ – 18.93$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
We have major data of Unemployment rate and Non farm employment change today from US . So stay cautious .
More will update to our trading signal subscribers .