Advertisement
Advertisement
Gold, Silver, Platinum Forecasts – Gold Attempts To Settle Above $3000
By:
Key Points:
- Gold tests resistance at $2995 - $3005.
- Silver is flat as traders take some profits off the table after the recent rally.
- Platinum attempts to settle above the $1020 level.
Gold
Gold continues its attempts to settle above the resistance at $2995 – $3005 as traders focus on U.S. dollar’s pullback.
In case gold climbs above the $3005 level, it will gain additional upside momentum and move towards the $3050 level.
Silver
Silver is mostly flat as gold/silver ratio climbed back above the 88.50 level.
If silver settles above the $34.00 level, it will head towards the nearest resistance at $34.60 – $34.85.
Platinum
Platinum tests resistance at $1015 – $1020 as the strong rally continues. RSI remains in the moderate territory, so there is enough room to gain additional momentum in the near term.
If platinum settles above $1020, it will head towards the resistance at $1050 – $1055.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
Vladimir Zernovauthor
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Did you find this article useful?
Latest news and analysis
Advertisement