Gold forecast
Gold ( xauusd ) price trading at 1262$ . Its trading almost flat since yesterday’s rise . It made high near 1265$ but its keeping its most of the movement in 1260-1262$ zone only . A good support on daily chart stands at 1254$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to correct upto 1248$ – 1240$ today .
A good resistance on gold chart stands at 1271$ . If traders break this major hurdle and manage to sustain trade above our resistance . Then expect this precious metal to test upto 1279$ – 1284$ today .
Gold forecast conclusion : Xauusd trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) price trading at 17.60$ . Its trading flat since yesterday only . A good hurdle on daily chart stands at 17.92$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 18.12$ – 18.35$ today .
A good base level on silver chart stands at 17.35$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 17.10$ – 16.90$ today .
Silver forecast conclusion : Xagusd trend is flat to positive for now .
More will update to our trading signal subscribers .