Silver forecast
Silver ( xagusd ) price trading in a very narrow range since yesterday . Its moving between 15.92$ – 16$ . A good support on silver intraday chart stands at 15.70$ . If traders break this major level and manage to sustain beneath our support today . Then expect this metal to test upto 15.50$ – 15.30$ today .
A good resistance on silver intraday chart stands at 16.22$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this commodity to test upto 16.45$ – 16.70$ today .
Silver forecast conclusion : Xagusd trend is flat for now . Avoid major position without any stoploss .
Gold forecast
Gold ( xauusd ) price trading at 1215$ . Yesterday it tested our support of 1207$ and made low near 1206$ . But it could not hold trade beneath our support and fired from there . A good support on gold intraday chart stands at 1205$ . If traders break this major level and manage to sustain beneath our suppor today . Then expect this commodity to test upto 1199$ – 1190$ today .
A good resistance on gold intraday chart stands at 1224$ . If traders break this hurdle and manage to sustain trade above our hurdle today . Then expect this commodity to test upto 1230$ – 1238$ today .
Gold forecast conclusion : Xauusd trend is flat for now . Avoid major position without any stoploss .
More will update to our trading signal subscribers .