Silver forecast
Silver ( xagusd ) price trading at 19.68$ . Yesterday we did’nt update our daily forecast due to eid . Yesterday market crashed pretty good and gave a much needed consolidation . A good support on intraday silver chart stands at 19.45$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 19.22$ – 19$ today .
A good resistance on intraday silver chart at 19.91$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 20.12$ – 20.35$ today .
Silver forecast conclusion : Silver trend is looking flat to weak today .
Gold forecast
Gold ( Xauusd ) price trading lower today as it also gave a good consolidation from 1370$ till 1350$ yesterday . Currently flirting with 1355$ . A good support on intraday gold chart stands at 1348$ . If traders break this major hurdle and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1340$ – 1331$ today .
A good resistance on intraday gold chart stands at 1363$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1372$ – 1381$ today .
Gold forecast conclusion : Gold trend is flat to weak for now .
Today we have some major data from US which could have major impact on market .
We have Unemployment rate , avg hourly earnings and Non farm employment change . So stay cautious .
More will update to our trading signal subscribers .