Usually we post gold forecast and silver forecast in different post . But market ended in their last leg and volumes are not that strong . Movement would be limited . So we stitched both forecast in single post .
Weekly gold forecast
Last week gold prices ( xauusd ) recovered from its 1060$ zone and tested 1082$ . Finally closed at 1075$ . It closed at above1075$ . Weekly resistance on chart at 1102$ . If market beat this level and manage to close above our chart resistance then expect market to support buyers upto 1138$ – 1170$ this week .
If gold price ( xauusd ) beat our weekly chart support at 1045$ and manage to close beneath our support level then expect market to favor sellers upto 1010$ – 970$ this week .
Weekly gold forecast conclusion : Its last 2-3 days remained this year . Holiday seasons are narrow range trading sessions . So do not take big quantity trades .
Weekly silver forecast
Last week silver prices ( xagusd ) traded in a very small range . It roamed in 10-15 cents range entire week . This week , we have weekly resistance on chart at 14.80$ . If market break this and manage to close above our resistance level then expect market to zoom upto 15.40$ – 16$ this week .
If silver price ( xagusd ) break our chart weekly support at 13.60$ and manage to close beneath our technical support level then expect correction upto 13$ – 12.20$ this week .
Weekly silver forecast conclusion : Trend is positive this upcoming week . Volumes are down so trade low qty .
More will update in daily gold silver forecast update .