Silver forecast
Silver ( xagusd ) price trading at 16.02$ . Its trading in small range since 2-3 days . No movement at all . A good technical silver support on chart stands at 15.80$ . If traders break this major level and manage to sustain beneath our support today . Then expect this precious metal to test upto 15.55$ – 15.30$ today .
A good resistance on silver chart stands at 16.25$ . If traders break this hurdle and manage to sustain trade above our hurdle today .Then expect this commodity test upto 16.50$ – 16.72$ today .
Silver forecast conclusion : Despite so many major data yesterday this metal could not move . So trend is still flat . Trade with levels .
Gold forecast
Gold ( xauusd ) price trading in same range since yesterday . Just flirting with 1212$ . A good support on intraday gold chart at 1207$ . If traders execute this level and manage to trade beneath our support today . Then expect this commodity to test upto 1198$ – 1191$ today .
A good resistance on gold intraday chart stands at 1221$ . If traders break this hurdle and manage to sustain trade above our hurdle today . Then expect this precious metal to test upto 1228$ – 1236$ in today’s trading session .
Gold forecast conclusion : Xauusd trend is flat for now .
More will update to our trading signal subscribers