Silver forecast
Silver ( xagusd ) price trading at 20.20$ . Yesterday it tested 19.51$ and bounced back from there . It again tested 20.50$ zone and started retracing from there . A good support on silver chart stands at 19.90$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 19.70$ – 19.48$ today .
A good resistance on intraday silver chart stands at 20.52$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 20.75$ – 20.98$ today .
Silver forecast conclusion : Xagusd trend is positive for now .
Gold forecast
Gold ( xauusd ) price trading at 1366$ . It fired from 1338$ till 1365$ yesterday . Currently its trading in positive zone after giving a fake sell signal yesterday . A good resistance on intraday gold chart stands at 1378$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1390$ – 1399$ today .
A good support on intraday gold chart stands at 1351$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1340$ – 1328$ today .
Gold forecast conclusion : Xauusd trend is positive for now .
More will update to our trading signal subscribers