Gold forecast
Gold ( xauusd ) price trading at 1321$ . Last night it crashed from 1331$ till 1318$ . We cashed this movement as our sell signal initiated at 1330$ for target of 1322$ .Currently prices are trading at 1320$ . A good support on intraday gold chart stands at 1308$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1300$ – 1291$ today .
A good resistance on daily gold chart stands at 1333$ .If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1341$ – 1349$ today .
Gold forecast conclusion : Xauusd trend is weak for now .
Silver forecast
Silver ( xagusd ) price trading at 18.98$ . It crashed from 19.25$ till 18.80$ last night . We cashed this crash as our sell signal activated at 19.10$ . Today silver chart shows a good hurdle at 19.32$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 19.54$ – 19.77$ today .
A good support on intraday silver chart stands at 18.70$ . Once this support it taken care by bears then expect more power to bears upto 18.47$ – 18.20$ today .
Silver forecast conclusion : Xagusd trend is weak for now .
More will update to our trading signal subscribers .