Gold forecast
Gold ( xauusd ) price trading at 1336$ . Yesterday it crashed from 1347$ zone till 1336$ . We cashed this move as our sell signal initiated at 1343$ and we booked profits at 1337$ . A good support on daily gold chart stands at 1328$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1321$ – 1314$ today .
A good resistance on daily gold chart stands at 1348$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1356$ – 1364$ today .
Gold forecast conclusion : Xauusd trend is weak for now .
Silver forecast
Silver ( xagusd ) price trading at 19.53$ today . Yesterday it cracked from 19.85$ till 19.54$ . We cashed this move by initiating sell at 19.75$ for target of 19.51$ . But we booked profits at 19.55$ . Today silver chart has a good hurdle at 19.91$ . If traders break this major resistance and manage to sustain trade above our hurdle today . Then expect some recovery in prices upto 20.12$ – 20.37$ today .
A good support on daily silver chart stands at 19.30$ . If traders break this major base level and manage to sustain trade beneath this level . Then expect more pressure in xagusd prices upto 19.10$ – 18.90$ today .
Silver forecast conclusion : Xagusd trend is weak for now .
More will update to our trading signal subscribers .