Gold forecast
Gold ( xauusd ) price trading higher today at 1228$ . Its trading higher today due to china’s crash . China’s major index shanghai composite index cracked more than 4% . A good resistance in today’s gold chart at 1234$ . If price break this hurdle and manage to trade above our resistance . Then expect market to zoom upto 1240$ – 1248$ today .
A good support on gold chart today at 1217$ . If traders break this support and manage to hold beneath our trading support today . Then expect market to correct upto 1207$ – 1200$ today .
We have US pending home sales data today . So stay cautious .
Gold forecast conclusion : Trend is flat to weak for now .
Silver forecast
Silver ( xagusd ) price trading lower today at 14.67$ . Its not rising at all whatever the reason is . A good support on today’s silver chart at 14.44$ . If traders break this support and manage to sustain beneath our trading support today . Then expect market to correct upto 14.20$ – 14$ today .
A good resistance on today’s intraday silver chart at 14.91$ . If traders break this hurdle and manage to sustain above our resistance today . Then expect market to zoom upto 15.20$ – 15.50$ today .
Silver forecast conclusion : Trend is weak for now .
More will update to our trading signal subscribers .