Silver forecast
Silver ( xagusd ) price trading at 20.21$ . It cracked from 20.60$ till 20.20$ . A good support on intraday silver chart stands at 19.98$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 19.75$ – 19.52$ today .
A good resistance on intraday silver chart stands at 20.45$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 20.70$ – 20.92$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
Gold forecast
Gold ( xauusd ) price trading at 1351$ . It crashed from 1365$ till 1351$ today . Its facing a good consolidation phase since yesterday . A good major base level on intraday gold chart stands at 1344$ . If traders break this major base level and manage to sustain trade beneath our level today . Then expect this precious metal to test upto 1337$ – 1330$ today .
A good major hurdle on intraday gold chart stands at 1362$ . If traders break this major hurdle and manage to sustain trade above our level . Then expect this precious metal to test upto 1370$ – 1377$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now .
Today we have BOE monetary policy , official interest rate decision and inflatiion report . We have US unemployment claims too . So stay cautious today and do not over trade .
More will update to our trading signal subscribers .