Silver forecast
Silver ( xagusd ) price trading at 17.74$ . Last night when fed decided not to hike interest rate . It roared and tested 17.90$ zone . Currently its trading slightly lower from its highest point . A good resistance on silver chart stands at 17.92$ . If traders break this hurdle and manage to sustain trade above our resistance today . Then expect this commodity to test upto 18.12$ – 18.35$ today .
A good support on silver chart stands at 17.48$ . If traders break this major support level and manage to sustain beneath our support today . Then expect this commodity to test upto 17.25$ – 17.02$ today .
Silver forecast conclusion : Xagusd trend is positive for now . Avoid any selling .
Gold forecast
Gold ( xauusd ) broke all hurdle after fed decision last night . It tested peak of 1313$ and currently prices are trading at 1309$ . A good resistance on gold chart stands at 1298$ . If traders break this major support level and manage to sustain beneath our support today . Then expect this precious metal to test upto 1290$ – 1281$ today .
A good resistance on gold chart stands at 1319$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to rise upto 1326$ – 1335$ today .
Gold forecast conclusion : Xauusd trend is positive for now . Avoid any selling .
More will update to our trading signal subscribers .