Silver forecast
Silver ( xagusd ) prices opened slightly higher from its last week’s closing and its trading at 19.80$ . A good resistance on intraday silver chart stands at 20.05$ . If traders break this major resistance and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 20.25$ – 20.46$ today .
A good support on intraday silver chart stands at 19.50$ . If traders break this major support and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 19.20$ – 19$ today .
SIlver forecast conclusion : Xagusd trend is flat to weak for now .
Gold forecast
Gold ( xauusd ) price trading at 1340$ . It opened slightly higher from its last week’s closing . A good base level on intraday gold chart stands at 1330$ . If traders break this major base and manage to sustain trade beneath our level . Then expect this precious metal to test upto 1322$ – 1316$ today .
A good hurdle on intraday gold chart stands at 1348$ . If traders break this major hurdle and manage to sustain trade above our resistance . Then expect this precious metal to test upto 1356$ – 1364$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now .
More will update to our trading signal subscribers .