Silver forecast
Silver ( xagusd ) price trading at 17.22$ . Yesterday it crashed from 17.45$ till 17.17$ . We cashed this move in mcx as we booked profits there . Intraday silver chart suggests a resistance at 17.55$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this commodity to test upto 17.80$ – 18$ today .
A good intraday silver support at 16.98$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 16.75$ – 16.50$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
Gold forecast
Gold ( xauusd ) price trading at 1264$ today . Yesterday it crashed beautifully from 1283$ till 1267$ . We cashed this move as we initiated our sell signal at 1280.50$ and booked profits at 1274$ . Intraday gold chart has a support at 1257$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1250$ – 1242$ today .
A good resistance on intraday gold chart stands at 1272$ . If traders break this major hurdle and manage to sustain trade above our hurdle today . Then expect this precious metal to test upto 1281$ – 1291$ today .
Gold forecast conclusion : Xauusd trend is weak for now .
More will update to our trading signal subscribers .