Gold forecast
Gold ( xauusd ) trading at 1331$ . Yesterday it made low of 1320$ and then bounced back from there . We cashed yesterday’s crash when we initiated our sell at 1332$ and we booked profits at 1325$ . Currently intraday gold chart suggests nearest support at 1325$ . If traders breach this level and manage to sustain trade beneath this level then sellers to gain power and they may test this precious metal upto 1318$ – 1309$ today .
A good resistance on intraday gold chart stands at 1342$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1349$ – 1356$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now
Silver forecast
Silver ( xagusd ) price again tested below 20$ and again it fired from there . Its just simply refusing to crash . Currently prices are trading at 20.23$ . A good support on daily silver chart stands at 19.98$ . If traders break this major hurdle and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 19.75$ – 19.51$ today .
A good resistance on daily silver chart stands at 20.55$ . If traders breach this level and manage to sustain trade above our hurdle today . Then expect more power to buyers upto 20.80$ – 21$ today .
Silver forecast conclusion : Xagusd trend is flat for now .
More will update to our trading signal subscribers