Advertisement
Advertisement
Gold, Silver, Platinum Forecasts – Gold Tests Multi-Week Highs As Treasury Yields Pull Back
By:
Key Points:
- Gold tests resistance at $2715 - $2725.
- Silver is heading towards the $31.00 level.
- Platinum is stuck near the support at $935 - $945.
Gold
Gold tests new highs as traders react to the continuation of the pullback in Treasury yields.
Currently, gold is trying to settle above the resistance at $2715 – $2725. In case this attempt is successful, gold will move towards the next resistance level at $2780 – $2790.
Silver
Silver is moving towards the $31.00 level as traders focus on the strong performance of gold markets.
A move above the $31.00 level will push silver towards the resistance at $31.45 – $31.75.
Platinum
Platinum remains stuck near the support at $935 – $945 as traders wait for additional catalysts.
If platinum manages to settle back above the $945 level, it will head towards the resistance near the recent highs at $975 – $985.
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