Gold forecast
Gold ( xauusd ) price crashed yesterday and tested 1243$ . Currently prices have recovered a bit and trading at 1254$ . A good support on gold chart stands at 1240$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this commodity to test upto 1232$ – 1225$ today .
A good resistance on gold chart stands at 1266$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1278$ – 1288$ today .
Gold forecast conclusion : Trend is flat to weak for now .
Silver forecast
Silver ( xagusd ) price crashed badly yesterday as it tested 16.30$ zone . But it could not break 16.30$ and bounced from there . Currently prices are trading at 16.50$ . A good support on silver chart today stands at 16.30$ . If traders break this and manage to sustain beneath this support today . Then expect this precious metal to test upto 16.05$ – 15.85$ today .
A good resistance on silver chart stands at 16.70$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this commodity to test upto 16.92$ – 17.15$ today .
Silver forecast conclusion : Trend is flat to weak for now .
More will update to our trading signal subscribers .