Gold forecast
Gold ( xauusd ) price trading at 1315$ . Trading almost flat since it closed near 1315$ last friday . A good support on daily gold chart stands at 1307$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1300$ – 1291$ today .
A good resistance on intraday gold chart stands at 1322$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1330$ – 13337$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now .
Silver forecast
Silver ( xagusd ) price trading at 19.09$ . Its trading a bit lower since its friday closing . A good support on silver daily chart stands at 18.88$ . If traders break this major base level and manage to sustain trade beneath our level today . Then expect this major commodity to test upto 18.65$ – 18.44$ today .
A good hurdle on daily silver chart stands at 19.32$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 19.55$ – 19.70$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
More will update to our trading signal subscribers .