Gold forecast
Gold ( xauusd ) price trading at 1221$ . It tested 1211$ and now jumped back . Yesterday it tried to fire but it could not sustain on higher levels . A good support gold chart stands at 1208$ . If traders break this major level and manage to sustain beneath our support today . Then expect this precious metal to test upto 1200$ – 1190$ today .
A good resistance on gold chart stands at 1230$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this commodity to test upto 1237$ – 1244$ today .
Gold forecast conclusion : Xauusd trend is weak for now .
Silver forecast
Silver ( xagusd ) price trading at 16.24$ . Yesterday it also cracked and tested 16.11$ . A good support on silver chart stands at 15.98$ . If traders break this major level and manage to sustain beneath our support today . Then expect this commodity to test upto 15.75$ – 15.50$ today .
A good resistance on silver chart stands at 16.55$ . If traders break this major hurdle and manage to sustain trade above our resistance today . Then expect this precious metal to test upto 16.80$ – 17$ today .
Silver forecast conclusion : Xagusd trend is weak for now .
More will update to our trading signal subscribers