Silver forecast
Silver ( xagusd ) price trading at 19.42$ today . Yesterday it gave a sweet crash from 19.90$ . It made low of 19.20$ in early morning trade and now trying to give some short covering . Currently a good resistance on silver chart stands at 19.66$ . If traders break this major resistance today and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 19.88$ – 20.05$ today .
A good support on intraday silver chart stands at 19.20$ . If traders break this major support and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 19$ – 18.80$ today .
Silver forecast conclusion : Xagusd trend is weak for now .
Gold forecast
Gold ( xauusd ) price trading at 1317$ today . It finally crashed beautifully yesterday and we cashed complete crash as we initiated our positional sell signal at 1341-44$ range and booked profits at 1314$ . A good support on intraday gold chart stands at 1308$ . If traders break this support and manage to sustain trade beneath our supprot today . Then expect this precious metal to test upto 1300$ – 1291$ today .
A good resistance on intraday gold chart stands at 1326$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1332$ – 1338$ today .
Gold forecast conclusion : Xauusd trend is weak for now .
More will update to our trading signal subscribers .