Silver forecast
Silver ( Xagusd ) prices crashed as it opened today . It cracked from 19.30$ till 18.70$ . Currently prices are flirting with 18.90$ level . A good support on intraday silver chart stands at 18.65$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 18.35$ – 18.10$ today .
A good resistance on intraday silver chart stands at 19.05$ . If traders break this major resistance and manage to sustain trade above our level today . Then expect this major commodity to test upto 19.31$ – 19.50$ today .
Silver forecast conclusion : Xagusd trend is weak for now .
Gold forecast
Gold ( xauusd ) prices opened lower but it did not crashed . Its still trading in 1330$ zone which is a curse for buyers or sellers . It need to break below 1326$ to resume a fresh selling round . If traders break this major base level and manage to sustain trade beneath our base . Then expect gold prices to crash upto 1318$ – 1309$ today .
A good hurdle on daily gold chart stands at 1342$ . If traders break this major hurdle and manage to sustain trade above our hurdle today . Then expect xauusd to fire upto 1350$ – 1359$ today .
Gold forecast conclusion : Xauusd trend is weak for now .
More will update to our trading signal subscribers .