Gold forecast
Gold ( xauusd ) price trading at 1273$ . Yesterday it made low near 1256$ which was our signal’s target and bounced back from there . A good resistance on gold chart today at 1281$ . If traders break this hurdle and manage to sustain trade above our hurdle today . Then expect this precious metal to test upto 1290$ – 1302$ today .
A good support on daily gold chart stands at 1265$ . If traders break this major support and manage to sustain trade beneath our support today . Then expect this commodity to test upto 1259$ – 1252$ today .
Gold forecast conclusion : Xauusd trend is positive for now . Avoid any major selling without a proper stoploss .
Silver forecast
Silver ( xagusd ) tested 17$ yesterday and then fired back from there . Currently prices are trading at 17.30$ . A good support on silver chart stands at 17.15$ . If traders break this major support level today and manage to sustain trade beneath our support today . Then expect this precious metal to correct upto 16.90$ – 16.70$ today .
A good resistance on silver chart stands at 17.55$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this commodity to test upto 17.80$ – 18$ today .
Silver forecast conclusion : Xagusd trend is positive for now .
More will update to our trading signal subscribers .