Gold forecast
Gold ( xauusd ) price tested 1200$ yesterday . It fired from 1174$ till 1200$ yesterday and gave almost 25$ sweet move . We cashed this move for our subscribers as we extracted 7$ in day trading profits . Currently prices are trading at 1192$ . A good support on intraday gold chart at 1184$ . If traders manage to break this support and sustain beneath our daily support . Then expect xauusd to give a mild correction upto 1177$ – 1170$ today .
A good resistance on intraday gold chart at 1201$ . If traders pull this barrier and manage to trade above this resistance today . Then expect market to favor buyers upto 1208$ – 1217$ today .
Gold forecast conclusion : Trend is positive for now .
Silver forecast
Silver ( xagusd ) price tested 15.45$ yesterday . Our daily resistance stands at 15.51$ . Today again our chart indicates same resistance . If traders break this hurdle and manage to trade above our resistance . Then expect market to zoom upto 15.75$ – 16$ today .
A good support on intraday silver chart at 15.19$ . If traders manage to break this support and sustain beneath our support today . Then expect this white metal to support sellers upto 15$ – 14.80$ today .
Silver forecast conclusion : Trend is positive for now .
More will update to our trading signal subscribers .