Gold forecast
Since monday gold price ( xauusd ) trading in a small range . Currently trading at 1091$ . A good support on intraday chart at 1083$ . If xauusd price break this and sustain trading below our support . Then expect market to support bears upto 1075$ – 1066$ today .
A good resistance on chart at 1100$ . Once buyers this barrier and sustain trading above our hurdle . Then expect gold to zoom upto 1108$ – 1117$ . Main level is 1108$ once this cross and market manage to hold this level for sometime . Then good days ahead for gold buyers .
Gold forecast conclusion : Trend is flat for now . So just follow levels .
Silver forecast
Silver price ( xagusd ) trading at 14$ . Yesterday it outperformed gold and tested 14.20$ range . But it could not break our resistance at 14.26$ . Today again this is major barrier to break to resume buying in this metal . Once this resistance breach and traders manage to sustain above our hurdle . Then expect xagusd to support buyers upto 14.50$ – 14.70$ today .
A good support on silver chart stands at 13.70$ . Once traders break this support and manage to trade below this level for sometime . Then expect pain in this white metal upto 13.50$ – 13.20$ today .
Silver forecast conclusion : No major trend for now . So just follow technical levels .
More will update to our trading signal subscribers .