Gold forecast
Yesterday gold ( xauusd ) prices fired fiercely from 1327$ till 1350$ . We cashed some of the move as our intraday trading signal buy initiated at 1327$ for target of 1333$ . Today its trading at 1351$ . A good resistance on daily gold chart stands at 1361$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test more upper level upto 1370$ – 1378$ today .
A good support on daily gold chart stands at 1343$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to give some consolidation upto 1336$ – 1330$ today .
Gold forecast conclusion : Xauusd trend is positive for now . Avoid selling .
Silver forecast
Silver ( xagusd ) price trading at 19.95$. It fired from 19.50$ till 20$ last night . We cashed this complete move as our positional signal initiated to buy at 19.45$ for target of 19.99$ . Today it has a good hurdle on chart at 20.15$ . If traders break this major hurdle and manage to sustain trade above our resistance . Then expect this major commodity to test upto 20.37$ – 20.60$ today .
A good base level on daily silver chart stands at 19.75$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect silver prices to correct upto 19.51$ – 19.27$ today .
Silver forecast conclusion : Xagusd trend is positive for now . Avoid selling .
More will update to our trading signal subscribers .