Silver forecast
Silver ( xagusd ) price trading almost flat since morning . It tested 17.90$ zone but then calmed down till 17.60$ . Currently prices are flirting with 17.75$ . A good support on intraday silver chart stands at 17.52$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 17.30$ – 17.05$ today .
A good resistance on intraday silver chart stands at 17.92$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to fire upto 18.12$ – 18.32$ today .
Silver forecast conclusion : Xagusd trend is flat to positive for now .
Gold forecast
Gold ( xauusd ) prices opened gapup today and currently its trading at 1327$ . Its trading approx 10$ higher than its friday’s closing . A good resistance on intraday gold chart stands at 1340$ . If traders break this daily hurdle today and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1348$ – 1356$ today .
A good support on intraday gold chart stands at 1314$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1307$ – 1300$ today .
Gold forecast conclusion : Xauusd trend is positive for now .
More will update to our trading signal subscribers .