Gold Silver price forecast update 25th october 2016

Gold forecast

Gold ( xauusd ) price trading at 1263$ . Last night it tested above 1272$ and we enjoyed profits as our buy signal initiated at 1266$ and booked profits at 1272.20$ . A good support on daily chart stands at 1258$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1249$ – 1240$ today .

A good resistance on gold chart stands at 1275$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1282$ – 1291$ today .

Gold forecast conclusion : Xauusd trend is flat to positive for now .

Silver forecast

Silver ( xagusd ) price cracked last night after making highs of 17.90$ . We cashed this small rise as our buy signal initiated at 17.60$ and we booked profits at 17.84$ . A good hurdle on 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 18.13$ – 18.35$ today .

A good base level on silver chart stands at 17.45$ . Once traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 17.21$ – 17$ today .

Silver forecast conclusion : Xagusd trend is flat for now .

More will update to our trading signal subscribers .