Silver forecast
Silver ( xagusd ) price trading at 20.70$ . Its trading pretty stable since yesterday . A good support on intraday silver chart stands at 20.45$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 20.20$ – 20$ today .
A good resistance on intraday silver chart stands at 20.92$ . If traders break this major resistance and manage to sustain trade above our hurdle today . Then expect this major commodity to test upto 21.10$ – 21.32$ today .
Silver forecast conclusion : Xagusd trend is positive for today .
Gold forecast
Gold ( xauusd ) price trading at 1365$ . Yesterday it fired from 1353$ to 1367$ . We cashed its run as our intraday buy initiated from 1353$ for 1359$ . A good resistance on intraday gold chart stands at 1372$ . If traders break this major hurdle and manage to sustain trade above our hurdle today . Then expect this precious metal to test upto 1380$ – 1388$ today .
A good support on intraday gold chart stands at 1357$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1349$ – 1341$ today .
Gold forecast conclusion : Xauusd trend is positive for now .
Today we have Non farm employment change and manufacturing data from US . so stay cautious .
More will update to our trading signal subscribers .