Silver forecast
Silver ( xagusd ) price trading at 20.06$ . It tested 20.50$ zone yesterday then started crashing . A good support on intraday silver chart stands at 19.90$ . If traders break this major support and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 19.70$ – 19.50$ today .
A good resistance on intraday silver chart stands at 20.25$ . If traders break this major resistance and manage to sustain trade above 20.25$ today . Then expect this major commodity to test upto 20.48$ – 20.70$ today .
Silver forecast conclusion : Xagusd trend is flat for today .
Gold forecast
Gold ( xauusd ) price trading at 1343$ today . It tested 1357$ yesterday and then started consolidating . A good base level on intraday gold chart stands at 1339$ . If traders break this major base level and manage to sustain trade beneath our base today . Then expect this precious metal to test upto 1332$ – 1327$ today .
A good hurdle on intraday gold chart stands at 1351$ . If traders break this major hurdle and manage to sustain trade above 1351$ today . Then expect this precious metal to test upto 1357$ – 1364$ today .
Gold forecast conclusion : Xauusd trend is flat for today .
We have US unemployment claims data today . So stay cautious .
More will update to our trading signal subscribers .