Silver forecast
Yesterday silver ( Xagusd ) price were trading in lower range and it remained in lower zone till end of the day . Today market opened higher and it climbed above 20$ . Currently prices are trading at 20.03$ . 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 20.50$ – 20.72$ today .
A good support on intraday silver chart stands at 19.80$ . If traders break this major support and manage to sustain trade beneath 19.80$ then expect this major commodity to test upto 19.55$ – 19.30$ today .
Silver forecast conclusion : Xagusd trend is flat to positive for now .
Gold forecast
Gold ( xauusd ) price trading at 1349$ . Yesterday it tested 1335$ and closed near 1339$ but it opened higher and currently its trying to test 1350$ zone . A good major hurdle on intraday gold chart stands at 1356$ . If traders break this hurdle and manage to sustain trade above 1356$ today . Then expect this precious metal to test upto 1364$ – 1371$ today .
A good base level on intraday gold chart stands at 1335$ . If traders break this major base and manage to sustain trade beneath 1335$ today . Then expect this precious metal to test upto 1326$ – 1317$ today .
Gold forecast conclusion : Xauusd trend is flat to positive for now .
We have some major data from US and UK today . So stay cautious
More will update to our trading signal subscribers today .