Silver forecast
Silver ( xagusd ) price fired after britian chose not to stay in europe . Currently its trading at 17.70$ . After brexit result announcement it tested 18.30$ + zone but then started retracing from there . Currently whole market is trying to absorb the shock of brexit . A good resistance on intraday silver chart now stands at 17.91$ . If traders break this major hurdle and manage to sustain trade above our hurdle today . Then expect this commodity to test upto 18.20$ – 18.45$ today .
A good support on intraday silver chart stands at 17.45$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this commodity to test upto 17.20$ – 17$ today .
Silver forecast conclusion : Silver trend is pretty positive due to brexit referendum .
Gold forecast
Gold ( xauusd ) price trading at 1318$ . Its tested 1358$ after brexit result came out . It has already retraced approx 40$ from its peak but still market is not showing any weakness and today it should move due to UK’s news only . Brexit is reality now and UK would be seprating from europe very soon . Every single equity market is down in the world and investors seems a bit worried about impact of Brexit . Currently a good resistance on intraday gold chart stands at 1331$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1340$ – 1350$ today .
A good support on intraday gold chart stands at 1307$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1298$ – 1288$ today .
Gold forecast conclusion : Gold trend is positive for now due to brexit vote .
More will update to our trading signal subscribers .