Gold forecast
Gold ( xauusd ) price trading today at 1275$ . Yesterday it tested 1282$ but its not sustaining on higher levels . This clearly indicating some weakness in this major commodity but its not crashing it either . A good support on gold chart stands at 1264$ . If traders break this level and manage to sustain trade beneath our support today . Then expect sellers to have upper hand upto 1255$ – 1247$ today .
A good resistance on gold chart stands at 1291$ . If traders break this hurdle and manage to sustain trade above our hurdle today . Then expect this precious metal to test upto 1299$ – 1308$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now .
Silver forecast
Silver ( xagusd ) trading at 17.12$ . Yesterday it tested 17.30$ . A good support on silver chart stands at 16.98$ . If traders break this major support today and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 16.75$ – 16.51$ today .
A good resistance on silver chart stands at 17.35$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this commodity to test upto 17.55$ – 17.80$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
More will update to our trading signal subscribers .