Gold trend
Gold ( xauusd ) price trading at 1226$ . Its trading in a small range since yesterday . A good resistance on daily chart stands at 1238$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery in gold prices to test upto 1248$ – 1256$ today .
A good support on daily chart stands at 1217$ . Once traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1208$ – 1200$ today .
Gold trend conclusion : Xauusd trend is flat for now . No clear trend for today . Just follow levels .
Silver trend
Silver ( xagusd ) price trading at 16.95$ . No major movement since yesterday . A good hurdle on daily chart stands at 17.25$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect some breather for silver buyers upto 17.50$ – 17.70$ today .
A good base level on daily chart stands at 16.75$ . Once traders break this major base zone and manage to sustain trade beneath our support today . Then expect silver prices to test upto 16.51$ – 16.30$ today .
Silver trend conclusion : No clear trend since yesterday . So follow intraday levels only .
More will update to our trading signal subscribers .