Gold forecast
Gold ( xauusd ) price trading at 1215$ . Last night it tested 1218$ and then cracked till 1210$ . Today it tested 1221$ in early session . A good support on daily chart stands at 1207$ . Once traders break this major base level and manage to sustain trade beneath our support today . Then expect gold price to test upto 1200$ – 1192$ today .
A good resistance on daily chart stands at 1226$ . Once traders take this hurdle out and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1234$ – 1241$ today .
Gold forecast conclusion : Xauusd trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) price tested 16.52$ last night and bounced back from there . It tested 16.88$ and currently prices are trading at 16.75$ . A good base level on daily chart stands at 16.48$ . Once traders break this level and manage to sustain trade beneath our support today . Then expect silver price to test upto 16.25$ – 16.02$ today .
A good hurdle on daily chart stands at 17.05$ . Once traders break this major hurdle and manage to sustain trade above our resistance today . Then expect more power to silver buyers upto 17.28$ – 17.49$ today .
Silver forecast conclusion : Xagusd trend is flat to positive for now .
More will update to our trading signal subscribers .