Silver forecast
Silver ( xagusd ) price dipped yesterday till 20.10$ . We cashed this movement as our signal initiated sell signal at 20.37$ and we booked profits at 20.15$ . Currently prices climbed up on same range at 20.34$ again . A good support on silver chart stands at 20$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 19.78$ – 19.55$ today .
A good resistance on silver chart stands at 20.55$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 20.78$ – 20.99$ today .
Silver forecast conclusion : Silver trend is flat to positive for now .
Gold forecast
Gold ( xauusd ) price trading at 1355$ today . It made low near 1350$ yesterday and since then its trading in a small range . We cashed yesterday’s small consolidation as our sell signal initiated at 1359$ and we booked profits at 1352$ . A good support on gold chart stands at 1347$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1340$ – 1331$ today .
A good resistance on gold intraday chart stands at 1364$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1371$ – 1378$ today .
Gold forecast conclusion : Gold trend is flat to weak for now .
More will update to our trading signal subscribers .