Silver forecast
Silver ( xagusd ) price trading at 19.70$ . Yesterday it tested near 19.90$ . We cashed this movement as our buy initiated at 19.69$ for 19.93$ . We booked almost at 19.90$ . Currently prices are trading at 19.68$ once again . A good support on intraday silver chart stands at 19.40$ . If traders break this major support today and manage to sustain trade beneath our support . Then expect sellers to take charge in this major commodity upto 19.20$ – 19$ today .
A good resistance on intraday silver chart stands at 19.92$ . Once traders break this major resistance today and manage to sustain trade above our resistance today . Then expect this major commodity to fly upto 20.15$ – 20.40$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
Gold forecast
Gold ( xauusd ) price trading at 1331$ . It is not finding any major respite and its keep falling from higher levels . Currently prices are trading at 1331$ . A good base level on intraday gold chart stands at 1327$ . If traders break this major level and manage to sustain trade beneath our base today . Then expect this precious metal to test upto 1318$ – 1308$ today .
A good hurdle on intraday gold chart stands at 1340$ . If traders break this major hurdle and manage to sustain trade above our hurdle then expect buyers to take charge once again upto 1348$ – 1356$ today .
Gold forecast conclusion : Xauusd trend is weak for now .
More will update to our trading signal subscribers .