Silver forecast
Silver ( xagusd ) price trading at 17.60$ . Last night it crashed from highs and tested near 17.50$ . Today it has a major hurdle on chart at 17.85$ . Once market break this major hurdle and manage to sustain trade above our resistance today . Then expect silver prices to test upto 18.05$ – 18.30$ today .
A good base level stands on silver chart at 17.45$ . Once traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 17.25$ – 17.05$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
Gold forecast
Gold ( xauusd ) price trading at 1268$ . Last night it crashed from 1275$ till 1265$ . A good support on daily chart stands at 1258$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to crack upto 1249$ – 1240$ today .
A good resistance on gold chart stands at 1276$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1284$ – 1291$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now .
More will update to our trading signal subscribers .