Gold trend
Gold ( xauusd ) price trading at 1273$ today . It crashed from 1315$ till 1267$ last night . We cashed this movement big time when our intraday target came and our positional signal fetched us profit of more than 300 pips last night . Today it has a good support on daily chart at 1264$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to correct upto 1257$ – 1250$ today .
A good resistance on daily gold chart stands at 1282$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1291$ – 1299$ today .
Gold trend conclusion : Xauusd trend is weak for now .
Silver trend
Silver ( xagusd ) price crashed badly yesterday . It crashed from 18.80$ till 17.75$ . Currently prices are trading at 17.90$ . A good hurdle on silver chart stands at 18.12$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect some recovery upto 18.32$ – 18.54$ today .
A good base level on daily silver chart stands at 17.70$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 17.51$ – 17.28$ today .
Silver trend conclusion : Xagusd trend is weak for now .
More will update to our trading signal subscribers .