Silver forecast
Silver ( xagusd ) price went in coma when US payroll data came better than expected . It crashed from 20.50$ till 19.60$ . Currently prices are trading at 19.65$ . A good support on intraday silver chart stands at 19.40$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 19.20$ – 19$ today .
A good resistance on intraday silver chart stands at 19.90$ . If traders manage to break this major resistance and sustain trade above our resistance then expect this major commodity to test upto 20.14$ – 20.40$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now . Avoid major buying .
Gold forecast
Gold ( xauusd ) price trading at 1334$ . It got crushed under positive US data last friday from 1365$ till 1335$ . A good base level on intraday gold chart stands at 1327$ . If traders break this major base level and manage to sustain trade beneath our base today . Then expect this precious metal to test upto 1320$ – 1309$ today .
A good hurdle on intraday gold chart stands at 1342$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1351$ – 1359$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now . Avoid major buying .
More will update to our trading signal subscribers .