Gold price trend
Gold prices fired after fed signled that interest rate hike will not be coming soon now its zooming at 1140$ very near to our major resistance of 1148$ once market break 1148-1150$ zone and sustain above this gold resistance today then expect gold to fire upto 1161$ – 1174$
If gold price break support of 1128$ and sustain below gold support today then expect prices to calm down upto 1120$ – 1112$ and even more
Gold price trend update : No rocket science to decide gold trend today , its positive for now
Silver price trend
Silver took a major U turn today when it started firing from 14.85$ yesterday and it outperformed gold with big margin before fed minutes , now its trading at 15.42$ , a big resistance in silver at 15.66$ once silver break this resistance and sustain above this level then expect 15.92$ – 16.20$ today
If silver break our technical silver support at 15.20$ and sustain below this level then expect a roll back upto 15$ – 14.70$ today
Silver price trend conclusion : Silver trend looking positive for now
More will update to our subscribers