Silver forecast
Silver ( xagusd ) price trading at 20.22$ . It made low 20.15$ yesterday which was our major support we posted in our yesterday’s post . It tested that support and fired back till 20.40$ . A good support in today’s trading session stands at 20$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect silver to test upto 19.78$ – 19.55$ today .
A good resistance on daily silver chart stands at 20.56$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 20.80$ – 21.05$ today .
Silver forecast conclusion : Xagusd trend is flat to positive for now .
Gold forecast
Gold ( xauusd ) price trading at 1333$ . Yesterday it eaten our intraday signal stoploss but our positional signal is on and its in profit for now . A good support in daily gold chart stands at 1327$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1318$ – 1307$ today .
A good resistance on intraday gold chart stands at 1348$ . If traders break this major resistance and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1357$ – 1366$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now .
More will update to our trading signal subscribers .