Gold forecast
Gold ( xauusd ) price trading at 1254$ . Its trading almost flat since morning . Made low near 1250$ and high at 1256$ . A good support on intraday gold chart stands at 1247$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect more power to sellers upto 1240$ – 1232$ today .
A good resistance on daily gold chart stands at 1262$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major metal to test upto 1270$ – 1278$ today .
Gold forecast conclusion : Xauusd trend is flat to positive for now
Silver forecast
Silver ( xagusd ) price trading at 17.45$ . A good base level on daily silver chart stands at 17.20$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 17$ – 16.80$ today .
A good hurdle on daily silver chart stands at 17.70$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 17.92$ – 18.12$ today .
Silver forecast conclusion : Xagusd trend is flat to positive for now .
More will update to our trading signal subscribers .