Gold forecast
Gold ( xauusd ) price were very volatile . First it crashed from 1329$ till 1309$ then fired back till 1321$ . After testing 1321 it crashed once again upto 1312$ . So it was a full roller coaster ride for traders . Currently prices are trading at 1314$ . A good resistance on intraday gold chart stands at 1328$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1337$ – 1348$ today .
A good support on intraday gold chart stands at 1308$ . Once this base level is out and traders manage to sustain trade beneath this level . Then expect more power to bears upto 1300$ – 1290$ and even more levels in lower side today itself .
Gold forecast conclusion : Xauusd trend is weak for now .
Silver forecast
Silver ( xagusd ) price trading at 18.95$ . Its simply refusing to crash anymore and sustaining on higher levels . Once market recover a bit it outperforms since two days . A good support on intraday silver chart stands at 18.70$ . If traders break this major base level and manage to sustain trade beneath our base today . Then expect this major commodity to crack upto 18.50$ – 18.30$ today .
A good hurdle on intraday silver chart stands at 19.25$ . If traders break this major resistance and manage to sustain trade above our hurdle today . Then expect this major commodity to test upto 19.48$ – 19.70$ today .
Silver forecast conclusion : Xagusd trend is weak for now .
More will update to our trading signal subscribers .