Gold forecast
Gold ( xauusd ) price trading flat since yesterday . It tested 1130$ but then it could not sustain on higher levels and still struggling at 1126$ . A good resistance on intraday xauusd chart at 1131$ . Once traders break this and manage to sustain above our hurdle . Then expect some shine in prices upto 1138$ – 1147$ today .
A good support on intraday gold chart at 1117$ . If traders break this level and manage to sustain trading below our support . Then expect market to give a small correction upto 1109$ – 1100$ today .
Gold forecast conclusion : Trend is positive for now . Buy in dips recommended .
Silver forecast
Silver ( xagusd ) price trading at 14.28$ . Yesterday it tested 14.40$ but then again our resistance stands at 14.55$ . Once traders break this barrier and manage to trade above this level . Then expect firepower in xagusd upto 14.80$ – 15$ today .
A good support on intraday silver chart at 14$ . If traders break this support and manage to sustain trade below our support . Then expect market to support sellers upto 13.80$ – 13.60$ today .
Silver forecast conclusion : Trend is positive for now .
More will update to our trading signal subscribers .