Silver forecast
Silver ( xagusd ) price tested 19.30$ yesterday and then fired back till 19.68-70$ zone . Yesterday we updated our support at 19.30$ it made sweet low of our support and fired back . Currently prices are trading at 19.61$ . A good support on intraday silver chart stands at 19.30$ . If traders break this support and yesterday’s low and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 19.10$ – 18.90$ today .
A good resistance on intraday silver chart stands at 19.75$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 19.95$ – 20.15$ today .
Silver forecast conclusion : Silver trend is flat to positive for now .
Gold forecast
Gold ( xauusd ) price trading at 1319$ . Yesterday it made low near 1311$ and fired back till 1320$ zone . A good support on intraday gold chart stands at 1308$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect more power to sellers upto 1300$ – 1291$ today .
A good resistance on intraday gold chart stands at 1327$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1337$ – 1348$ today .
Gold forecast conclusion : Gold trend is flat to positive for now .
Today we have consumer confidence data from US . So stay cautious .
More will update to our trading signal subscribers .