Gold forecast
Gold ( xauusd ) price trading at 1341$ . In morning it made low of 1327$ and then showing some sign of reversal . Yesterday it gave very good crash and we cashed it from 1343$ till 1336$ as our sell signal initiated with target . Today gold has a good resistance on chart at 1351$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect gold pricesl to test upto 1360$ – 1370$ today .
A good support on daily gold chart stands at 1327$ . If traders break this major support level today and manage to sustain trade beneath our support today . Then expect more power to sellers upto 1320$ – 1309$ and below 1308$ major selling in gold prices not ruled out .
Gold forecast conclusion : Gold trend is flat for now . Follow levels today .
Silver forecast
Silver ( xagusd ) price trading at 20.40$ . It made low of 19.89$ in early morning session . Yesterday we cashed its some of downside movement as our sell signal gave approx 20 cent profits . Silver movement is very confusing and its resisting to crash since so many days . Despite a low of 19.20$ last week its not giving any major consolidation . So be very cautious while trading in this metal . A good support on daily silver chart stands at 20.15$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect some more consolidation upto 19.90$ – 19.70$ today .
A good resistance on daily silver chart stands at 20.66$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect some more upside in silver upto 20.90$ – 21.15$ and even more upside in this major commodity not ruled out .
Silver forecast conclusion : Silver trend has turned positive due to its 50 cent firing in last some hours . But still stay very cautious while trading in this metal .
More will update to our trading signal subscribers .