Gold forecast
Gold ( xauusd ) price trading at 1118$ . It retraced back from 1128$ . High made after fed’s decision not to hike interest rate for now . A good support on intraday chart at 1111$ . Once bears manage to break this level and sustain trading beneath this support . Then expect market to correct upto 1103$ – 1094$ today .
Intraday chart indicates a good resistance at 1128$ which is yesterday’s high . Once gold price break yesterday’s high and manage to trade above this level . Then expect market to zoom upto 1137$ – 1148$ today .
Gold forecast conclusion : Trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) price trading at 14.40$ . A good support on intraday chart stands at 14.20$ . Once sellers break this support and manage to sustain below our support . Then expect xagusd to correct upto 14$ – 13.80$ today .
A good resistance on silver intraday chart at 14.61$ . Once buyers manage to break this and sustain above our resistance . Then expect xagusd to fly upto 14.82$ – 15.03$ today .
Silver forecast conclusion : Trend is flat to positive for now .
More will update to our trading signal subscribers .