Silver forecast
Silver ( xagusd ) price fired yesterday . It made all sellers disappear in some minutes only once it crosses our hurdle of 16.55$ . Currently prices are trading at 17.17$ . A good resistance on silver intraday chart stands at 17.30$ . If traders break this major level and manage to sustain trade above our hurdle today . Then expect this metal to test upto 17.52$ – 17.75$ today .
A good support on intraday silver chart stands at 16.95$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this commodity to test upto 16.70$ – 16.50$ today .
Silver forecast conclusion : Silver trend is positive for now . Avoid any selling trade .
Gold forecast
Gold ( xauusd ) price raced yesterday from 1240$ till 1262$ . We are still cashing its run as our positional buy signal initiated at 1238$ . Currently prices are trading at 1261$ . A good resistance on gold chart stands at 1272$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1281$ – 1290$ today .
A good support on gold chart stands at 1248$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1238$ – 1227$ today .
Gold forecast conclusin : Gold trend is positive for now .
We have ECB president speech and US unemployment claims today . So stay cautious and do not trade big .
More will update to our trading signal subscribers