Gold forecast
Gold prices ( xauusd ) corrected yesterday and we cashed it as our gold trading signal to sell initiated at 1103$ and we booked profit at 1097$ . Currently prices trading at 1096$ . A good support on chart today at 1088$ . Once bears break this base level and manage to hold beneath this support . Then expect market to favor sellers upto 1080$ – 1071$ today .
A good resistance on gold chart at 1108$ . Till xauusd does not break and sustain above this hurdle . It would remain tough task for buyers to pull this metal up . Once market break this and manage to hold above our hurdle . Then expect xauusd to fire upto 1117$ – 1128$ today .
Gold forecast conclusion : Trend is flat to weak for now .
Silver forecast
Silver price ( xagusd ) trading at 13.83$ . Yesterday it fallen from 14$ range till 13.80$ . A good support on silver chart for today’s trading session at 13.64$ . Once market break this level and manage to sustain beneath this support . Then expect sellers to drag this metal upto 13.40$ – 13.20$ today .
Silver price ( xagusd ) has a good resistance for today’s trading session at 14.11$ . Once buyers manage to break this level and sustain trade above this hurdle . Then expect xagusd to fire upto 14.32$ – 14.55$ . Main firepower would come once it cross 14.554$ level .
Silver forecast conclusion : Trend is weak for now .
More will update to our gold silver trading signal subscribers .