Gold trend
Gold price trading lower today at 1072$ . It crashed 1085$ till 1066$ . This 1066$ low made today in early session . This crash were due in prices because of firepower it showed last friday . Its a healthy correction untill it reaches our chart support at 1062$ . If market break this support and sustain below our intraday support then expect correction upto 1055$ – 1048$ in gold prices .
If gold click our technical resistance at 1082$ and manage to sustain above our intraday resistance then expect xauusd to fire upto 1090$ – 1100$ and even more after that .
Gold trend conclusion : Gold trend is in favor of buyers till our intraday support is intact .
Silver forecast
Silver price crashed from 14.60$ till 14.20$ . This 14.20$ low made today in early session . Currently prices are trading at 14.27$ . Silver chart suggests a good support at 14.15$ . Once market break this and manage to sustain below this level . Then expect sellers to have upper hand upto 13.90$ – 13.70$ today .
If silver price manage to break our resistance at 14.51$ and sustain above our technical hurdle today . Then expect buyers to have party upto 14.92$ – 15.20$ today .
Silver forecast conclusion : Silver trend is in favor of buyers . Avoid any major selling till our intraday support is intact .
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