Gold forecast
Gold ( xauusd ) price trading at 1270.50$ . Yesterday it fired from 1260$ till 1273$ . We cashed it as our buy signal initiated at 1260$ and we booked target at 1266$ . A good resistance on daily gold chart stands at 1281$ . If traders break this major hurdle and manage to sustain trade above our resistance today .Then expect this precious metal to test upto 1290$ – 1299$ today .
A good support on daily gold chart stands at 1258$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1250$ – 1242$ today .
Gold forecast conclusion : Xauusd trend is positive for now .
Silver forecast
Silver ( xagusd ) price trading at 17.65$ . Yesterday it made high at 17.78$ . We cashed this full move as our buy signal initiated at 17.55$ and we booked profits at 17.72$ . A good hurdle on chart stands at 17.91$ . 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 17.45$ . If traders break this major base and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 17.20$ – 17$ today .
Silver forecast conclusion : Xagusd trend is positive for now .
More will update to our trading signal subscribers .