Gold forecast
Gold ( xauusd ) price still trading in same small zone and finding it tough to cross 1182-84$ level . Currently prices are flirting with 1170$ . A good support on daily chart stands at 1160$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect gold prices to test upto 1151$- 1143$ today .
A good resistance on daily chart stands at 1184$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold price to test upto 1191$- 1199$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now .
Silver forecast
Silver ( xagusd ) price trading at 16.96$ . Yesterday it also got some hammering and tested lows below 17$ . A good base level on daily chart stands at 16.75$ . If traders break this major base and manage to sustain trade beneath our support today . Then expect silver prices to test upto 16.52$ – 16.30$ today .
A good hurdle on daily chart stands at 17.25$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect silver price to test upto 17.48$ – 17.68$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
More will update to our trading signal subscribers .