Advertisement
Advertisement
Gold, Silver, Platinum Forecasts – Gold Tests Historic Highs As Treasury Yields Fall
By:
Key Points:
- Gold moved above the $2870 level as rally continued.
- Silver is trying to settle above the $32.50 level.
- Platinum climbed above $1010 amid strong demand for precious metals.
Gold
Gold tests new highs as traders stay bullish. Trade wars and falling Treasury yields serve as key positive catalysts for gold markets.
Traders should note that RSI is in the overbought territory, so the risks of a pullback are rising.
Silver
Silver moved towards the $32.50 level as traders focused on the strong performance of gold markets.
If silver settles above the resistance at $32.75 – $33.00, it will move towards the next resistance level, which is located in the $34.50 – $34.85 range.
Platinum
Platinum continues to rebound from recent lows amid rising demand for precious metals.
If platinum stays above the $1010 level, it will move towards the resistance at $1025 – $1030.
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