Gold forecast

Gold crashed on opening today and gave a 50$ blink in an hour it opened at 1135$ and made low of 1087$ almost broke major support of 1085$ , Now gold prices trading at 1108$ but as we wrote in our weekly forecast its trend is weak only and today’s gold movement just cemented our view , now if gold price break today’s major support at 1085$ and sustain below this support then expect gold to correct upto 1070$ – 1055$

If gold price click our resistance at 1121$ and sustain above our resistance today then expect a breather for gold buyers upto 1130$ – 1138$ today

Gold forecast conclusion : As expected gold is down and still gold future trend looking weak only so avoid major buy trades

Silver forecast

Silver broke support of 14.70$ and hovering around our major support at 14.50$ as its prices trading now at 14.58$ , if silver break our 14.50$ major base and sustain below our support today then expect a correction in silver prices upto 14.20$ – 14$ today

If silver price click our resistance at 14.90$ and sustain above our technical resistance today then expect a breather for silver buyers upto 15.20$ – 15.50$ today

Silver forecast conclusion : Silver trend looking weak

More will update to our subscribers

By marafat