Advertisement
Advertisement
Gold, Silver, Platinum Forecasts – Gold Tests Historic Highs As Dollar Pulls Back
By:
Key Points:
- Gold is trying to settle above the $2950 level.
- Silver attempts to settle above $33.00 as traders focus on the strong performance of gold markets.
- Platinum rebounds after strong pullback.
Gold
Gold tests new highs as traders focus on U.S. dollar’s pullback and falling Treasury yields.
A successful test of the resistance at $2930 – $2940 will open the way to the test of the $3000 level.
Silver
Silver continues its attempts to settle above the resistance at $32.75 – $33.00 as gold tests historic highs.
If silver settles above the $33.00 level, it will head towards the next resistance level, which is located in the $34.60 – $34.85 range.
Platinum
Platinum found support in the $980 – $985 range and is trying to gain additional upside momentum.
If platinum climbs above the $990 level, it will head towards the psychologically important $1000 level.
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.
Latest news and analysis
Advertisement