Gold forecast
Gold ( xauusd ) price gave consolidation today which we cashed it by giving a sell signal at 1191 and we booked profit at 1184$ . Xauusd just went till 1181$ and then restarted its fire run . Currently prices are trading 1207$ . A good resistance on intraday chart at 1217$ . Once traders break this hurdle and manage to sustain above our resistance . Then expect market to zoom upto 1227$ – 1237$ today .
A good support on intraday gold chart at 1198$ . If traders break this support and sustain beneath our support . Then expect market to correct upto 1188$ – 1178$ today .
Gold forecast conclusion : Trend is positive for now . Avoid any major selling .
Silver forecast
Silver ( xagusd ) trading higher at 15.35$ . It did not fire like gold and just extended its old gains . A good support on intraday chart at 15.10$ . If traders break this support and sustain trading below our support . Then expect silver to correct upto 14.90$ – 14.70$ today .
A good resistance on silver chart at 15.55$ for today’s trading session . If traders break this hurdle and manage to trade above this hurdle . Then expect xagusd to support buyers upto 15.80$ – 16$ today .
Silver forecast conclusion : Trend is positive for now .
More will update to our trading signal subscribers .