Silver forecast
Silver ( xagusd ) price tested 17.30$ yesterday . We cashed this recent fire in this metal when we initiated buy signal near 17.05$ . We booked our profits at 17.26$ . Currently prices are trading at 17.25$ . A good resistance on intraday silver chart stands at 17.52$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this commodity to test upto 17.75$ – 17.98$ today .
A good support on silver intraday chart stands at 16.98$ . If traders break this major level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 16.75$ – 16.50$ today .
Silver forecast conclusion : Silver trend is positive for now .
Gold forecast
Gold ( xauusd ) price trading at 1266$ . It tested 1272$ yesterday . We cashed this entire bull run from 1238$ till 1272$ as our positional signal delivered massive profits of more than 3000$ per lot . We enhanced these profits by taking intraday buy position at 1260$ and booked at 1266$ yesterday .
Today a good resistance on gold chart stands at 1274$ . If traders break this major level and manage to sustain above our resistance today . Then expect this commodity to test upto 1282$ – 1291$ today .
A good support on intraday gold chart stands at 1252$ today . If traders break this major level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1244$ – 1233$ today .
Gold forecast conclusion : Gold trend is positive for now .
More will update to our trading signal subscribers .