Gold forecast

Same old boring story and same old levels with same old commentary that if gold price click our support at 1075$ and sustain below our technical support today then expect gold price to correct upto 1066$ – 1055$ today

If gold price click our resistance at 1098$ and sustain above our technical resistance today then expect gold to raise its voice upto 1104$ – 1111$ today

Gold forecast conclusion : No major trend in gold but US Unemployment claims data today so lets hope it give some direction to gold prices

Silver forecast

Silver trading in same range since 2 weeks and its range remain intact most probably today too unless unemployment claims data do some magic , if silver price click our support at 14.38$ and sustain below our support then expect silver to correct upto 14.20$ – 14$ today

If silver price click our resistance at 15$ and sustain above our resistance then expect silver prices to fire upto 15.25$ – 15.50$

Silver forecast conclusion : No major trend in silver so just follow technical levels

By marafat

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