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Gold, Silver, Platinum Forecasts – Gold Pulls Back At The Start Of The Week
By:
Key Points:
- Gold did not manage to settle above the $3350 level.
- Silver remained stuck near the $33.50 level as gold/silver ratio pulled back.
- Platinum was flat amid profit-taking.
Gold
Gold did not manage to settle above the resistance level at $3350 – $3360 and pulled back.
If gold climbs above the $3360 level, it will head towards the next resistance at $3490 – $3500.
Silver
Silver continues its attempts to settle above the $33.50 level as gold/silver ratio pulled back below the 100.00 level.
In case silver settles above $33.50, it will head towards the resistance, which is located in the $34.40 – $34.60 range.
Platinum
Platinum is mostly flat as traders take some profits off the table after the strong rally.
A successful test of the resistance at $1090 – $1095 will push platinum towards the next resistance level at $1135 – $1140.
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.
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