Gold forecast
Gold ( Xauusd ) price trading at 1352$ . More or less market has been trading in same range since 1 – 2 week and our positional got stuck in between . A good support on intraday gold chart at 1340$ . If traders break this major support and manage to sustain trade beneath our support . Then expect this precious metal to test upto 1332$ – 1326$ today .
A good resistance on intraday gold chart stands at 1358$ . If traders break this major resistance and manage to sustain trade above this 1358$ level . Then expect this precious metal to test upto 1364$ – 1372$ today .
Gold forecast conclusion : Xauusd trend is flat to positive for now .
Silver forecast
Silver ( xagusd ) price trading at 19.80$ . It crashed till 19.35$ after fed minutes but then recovered pretty good from lows . A good base level on intraday silver chart stands at 19.48$ . If traders break this major base and manage to sustain trade beneath our level today . Then expect this precious metal to test upto 19.25$ – 19.02$ today .
A good hurdle on intraday silver chart stands at 20.05$ . If traders break this major hurdle and manage to sustain trade above 20.05$ today . Then expect this major commodity to test upto 20.30$ – 20.52$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
More will update to our trading signal subscribers .