Gold price forecast
Gold price trading slightly lower since yesterday . Currently trading at 1068$ . Technical chart suggests a support at 1061$ . If market break this intraday support and manage to sustain below our technical support level then expect bear to take charge once again upto 1054$ – 1047$ today .
Gold chart shows a technical intraday resistance at 1076$ . If market manage to break this technical hurdle and sustain above our level then expect some relief for buyers upto 1083$ – 1091$ today .
Gold price forecast conclusion : Trend is flat to negative . Avoid major buy trade till our resistane does’nt breach .
Silver price view
Silver trading same price since yesterday . Currently trading at 14.18$ . A good technical support stands on chart at 13.98$ . If market manage to break this and sustain below our support then expect market to favor sellers upto 13.73$ – 13.50$ today .
Silver chart suggests a technical intraday resistance at 14.45$ . If market manage to break this and sustain above our intraday resistance then expect some relief for buyers upto 14.70$ – 14.92$ today .
Silver view conclusion : Market trend is flat for now . Follow technical levels only .
More will update to our trading signal subscribers .