Gold forecast
Gold ( xauusd ) price tested 1248$ yesterday . Thereafter it keeps giving lower levels and it tested 1224.50$ early morning today . Almost 25$ crack in one trading session . A good support on today’s gold chart at 1217$ . If traders break this major support and manage to sustain trade beneath this support level . Then expect xauusd to correct upto 1209$ – 1200$ today .
A good resistance on daily gold chart at 1239$ . If traders break this hurdle and manage to sustain above our daily resistance . Then expect xauusd to zoom upto 1247$ – 1256$ today .
Gold forecast conclusion : Trend is looking weak today . Avoid any major buying .
Silver forecast
Silver ( xagusd ) price tested 15.08$ yesterday but then it started crashing . Yesterday it tested 14.70$ . Currently prices are trading at 14.80$ . A good support on today’s silver chart at 14.60$ . If traders break this base and manage to sustain trade beneath our support level . Then expect xagusd to correct upto 14.40$ – 14.20$ today .
A good resistance on today’s sulver chart at 15.11$ . If traders break this resistance and manage to sustain trade above our hurdle . Then expect market to zoom upto 15.30$ – 15.55$ today .
Silver forecast conclusion : Trend is looking flat to negative . Avoid any major buy today .
More will update to our trading signal subscribers .