Gold forecast
Gold ( xauusd ) price trading at 1256$ . yesterday it tested almost 1260 . We cashed its bull run by booking approx 300 pips profits in our positional signal . A good resistance on gold chart today stands at 1271$ . If traders break this hurdle and manage to sustain above our hurdle today . Then expect xauusd to zoom upto 1280$ – 1290$ today .
A good support on gold chart stands at 1247$ . If traders break this base level and manage to sustain trade beneath our support today . Then expect xauusd to face some consolidation upto 1239$ – 1230$ today .
Gold forecast conclusion : Trend is positive for now . But avoid buy on these levels .
Silver forecast
Silver ( xagusd ) outperformed gold yesterday as it gave a solid kick of 3.5% yesterday . We cashed it and made it approx 250+ pips from this bull run as our positional signal which initiated from 15.20$ achieved its target near 15.70$ . Today silver has a good resistance on chart at 16.20$ . If traders break this hurdle and manage to sustain above our hurdle today . Then expect xagusd to zoom upto 16.45$ – 16.70$ today .
A good support on silver chart stands at 15.75$ . If traders break this major base level and manage to sustain beneath our support today . Then expect xagusd to face some correction upto 15.51$ – 15.30$ today .
Silver forecast conclusion : Trend is positive for now . Avoid any selling trade for now .
More will update to our trading signal subscribers