Gold forecast
Gold ( xauusd ) prices opened lower today and trading flat since morning at 1329$ . A good support on daily gold chart stands at 1318$ . If traders break this major base level and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1309$ – 1300$ today .
A good resistance on daily gold chart stands at 1338$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 1347$ – 1356$ today .
Gold forecast conclusion : Xauusd trend is weak for now .
Silver forecast
Silver ( xagusd ) price trading at 18.95$ . Its trading lower than its friday closing . Early morning session low is 18.77$ and today silver support stands at 18.75$ . If traders break this major base level and manage to sustain trade beneath our base today . Then expect this major commodity to test upto 18.51$ – 18.30$ today .
A good resistance on intraday silver chart stands at 19.25$ . If traders break this major hurdle and manage to sustain trade above our hurdle today . Then expect this major commodity to test upto 19.48$ – 19.70$ today .
Silver forecast conclusion : Xagusd trend is weak for now .
More will update to our trading signal subscribers .