Silver forecast
Silver ( xagusd ) price trading at 19.57$ . Its trading in same range since yesterday . It went till 19.70$ yesterday and then reverted back in 19.60$ zone . A good support on silver chart stands at 19.30$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this major commodity to test upto 19.10$ – 18.90$ today .
A good resistance on silver chart stands at 19.75$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect buyers to take over this commodity upto 20$ – 20.25$ .
Silver forecast conclusion : Xagusd trend is flat for now .
Gold forecast
Gold ( xauusd ) price trading at 1318$ . It tested 1325$ yesterday but reverted back immediately after that . A good support on intraday gold chart stands at 1308$ . If traders break this major support level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1300$ – 1291$ today .
A good resistance on intraday gold chart stands at 1327$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1334$ – 1341$ today .
Gold forecast conclusion : Xauusd trend is flat for now .
We have FOMC statement and fed interest rate decision today . Do not over trade .
More will update to our trading signal subscribers