Gold forecast
Gold ( xauusd ) price trading at 1227$ . It seems exhausted as it could not sustain on higher levels . A good support on gold technical chart suggests a level at 1217$ which bears need to hold to avoid any major selling . If sellers break this base level and manage to sustain beneath our support . Then expect 1208$ – 1200 in xauusd today .
A good resistance on gold techncial chart suggests a hurdle at 1238$ which buyers need to break to resume fresh buying in this precious metal . If traders break this hurdle and manage to sustain above our resistance today . Then expect xauusd to zoom upto 1247$ – 1254$ today .
Gold forecast conclusion : Trend is flat to negative for now .
Silver forecast
Silver ( xagusd ) price trading at 15.05$ . A good support on silver technical chart suggests a base level at 14.98$ . If traders break this level and manage to sustain beneath our support . Then expect xagusd to correct upto 14.75$ – 14.50$ today .
A good resistance on silver technical chart suggests a good hurdle at 15.26$ . If traders break this hurdle and manage to sustain trade above our hurdle today . Then expect xagusd to zoom upto 15.50$ – 15.76$ today .
Silver forecast conclusion : Trend is flat to weak for now .
More will update to our trading signal subscribers .