Gold forecast
Gold ( xauusd ) price trading at 1311$ . It made low below 1308$ but it could not sustain beneath this level . Yesterday it gave good crash from 1319$ till 1309$ . Today it has a good daily support at 1307$ . If traders break this major base level and manage to sustain trade beneath our base level . Then expect gold prices to correct upto 1300$ – 1291$ today .
A good hurdle on intraday gold chart stands at 1321$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1328$ – 1335$ today .
Gold forecast conclusion : Xauusd trend is weak for now .
Silver forecast
Silver ( xagusd ) price trading at 18.86$ . It made low at 18.72$ today and bounced back . A good support on daily silver chart stands at 18.65$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 18.42$ – 18.20$ today .
A good resistance on daily silver chart stands at 19.11$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 19.33$ – 19.45$ today .
Silver forecast conclusion : Xagusd trend is weak for now .
More will update to our trading signal subscribers .