Silver forecast
Silver ( xagusd ) price trading higher today again . It opened gap up and tested above 21$ . Currently prices are trading at 20.40$ . It already has covered lots of ground for the day . A good resistance on intraday silver chart stands at 20.81$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect more power to buyers upto 21.02$ – 21.32$ in this major commodity .
A good support on intraday silver chart stands at 19.98$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this major commodity to test some lower levels upto 19.75$ – 19.51$ today .
Silver forecast conclusion : Xagusd trend is positive for now . Avoid any major selling for now .
Gold forecast
Gold ( xauusd ) prices also opened in higher zone today . It tested 1357$ and currently trading at 1350$ . A good support on intraday gold chart stands at 1338$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1330$ – 1321$ today .
A good resistance on intraday gold chart stands at 1361$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1370$ – 1381$ today .
Gold forecast conclusion : Xauusd trend is positive for now .
More will update to our trading signal subscribers .
Today US markets are closed due to Independence day . So stay cautious .