Gold forecast
Gold ( xauusd ) price trading at 1318$ . It opened a bit lower today and tested approx 1314$ today and bounced back from there . A good support on intraday gold chart stands at 1307$ . If traders break this major support and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1300$ – 1291$ today .
A good resistance on intraday gold chart stands at 1327$ . If traders break this major resistance and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1334$ – 1341$ today .
Gold forecast conclusion : Xauusd trend is weak for now .
Silver forecast
Silver ( xagusd ) price trading at 18.54$ . It tested 18.38$ today and bounced back from there . A good base level on daily silver chart stands at 18.30$ . If traders break this base level and manage to sustain trade beneath our base today . Then expect more power to sellers upto 18.05$ – 17.80$ today .
A good hurdle on daily silver chart stands at 18.75$ . If traders break this major hurdle and manage to sustain trade above our higher level today . Then expect this major commodity to test upto 18.98$ – 19.20$ today .
Silver forecast conclusion : Xagusd trend is weak for now .
More will update to our trading signal subscribers .