Gold forecast
Gold ( xauusd ) price trading at 1264$ . Last friday it gave a false breakout near NFP data and fired . But then retraced back and tested 1241$ zone . Currently prices are trading almost 11$ up from last closing . A good resistance on chart stands at 1271$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold prices to test upto 1278$ – 1284$ today .
A good support on daily gold chart stands at 1255$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1248$ – 1240$ today .
Gold forecast conclusion : Xauusd trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) price trading at 17.70$ . Last friday it also tanked and made low at 17.10$ . A good base level on today’s chart stands at 17.45$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver prices to test upto 17.20$ – 17$ today .
A good hurdle on silver chart stands at 17.92$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 18.10$ – 18.32$ today .
Silver forecast conclusion : Xagusd trend is flat to positive for now .
More will update to our trading signal subscribers .