Gold forecast
Gold ( xau/usd ) rates are trading higher today at 1172$ , yesterday gold tested 1151$ and fired from there . Gold has good support today at 1148$ once market break this and sustain below our today’s gold support then expect gold rates to correct upto 1135$ – 1125$ today
A good resistance in gold prices at 1181$ once gold rate break this and sustain above our intraday resistance then expect gold price to test upto 1190$ – 1200$ today
Gold forecast conclusion : Technically gold trend is positive for now but we have major US data today we have Core retail sales , Retail Sales , Business Inventory so these data will decide gold’s further movement till then trade with small qty only , No big trading should be initiated at these levels be it buy or sell
Silver forecast
Silver ( xag/usd ) rates are trading and sustaining above 16$ , a good support in silver at 15.70$ once market break this and sustain below our support then expect correction in silver upto 15.50$ – 15.20$ today
If comex silver price click our resistance at 16.26$ once silver break this and sustain above our resistance then expect market to fire upto 16.55$ – 16.80$ today
Silver forecast conclusion : Silver trend is positive for now
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