Advertisement
Advertisement
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounded Towards $3300 As Dollar Tested New Lows
By:
Key Points:
- Gold is trying to settle back above the $3300 level as dollar remains under strong pressure.
- Silver attempts to climb back above the $36.00 level.
- Platinum is losing ground amid profit-taking.
Gold
Gold rebounds from multi-week lows as traders focus on the weakness of the U.S. dollar.
If gold manages to settle back above the $3300 level, it will head towards the nearest resistance at $3350 – $3360.
Silver
Silver made an attempt to settle below the support level at $35.65 – $35.85 but lost momentum and climbed back towards the $36.00 level.
If silver moves above the $36.50 level, it will head towards the resistance level, which is located in the $37.30 – $37.50 range.
Platinum
Platinum is losing ground as traders continue to take profits after the strong rally.
In case platinum pulls back below the support at $1335 – $1340, it will head towards the next support level, which is located in the $1240 – $1245 range.
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.
Advertisement