Advertisement
Advertisement
Gold (XAUUSD), Silver, Platinum Forecasts – Silver Tests Multi-Year Highs
By:
Key Points:
- Gold pulled back towards the $3350 level.
- Silver rallied as gold/silver ratio declined towards the 94 level.
- Platinum tested resistance at $1135 - $1140.
Gold
Gold made an attempt to settle above the resistance at $3350 – $3360 but lost momentum and pulled back.
A move below the $3350 level will open the way to the test of the $3300 level.
Silver
Silver soared as gold/silver ratio declined below the 94.00 level. Currently, silver is trying to settle above the resistance at $35.65 – $35.85.
In case this attempt is successful, silver will head towards the next resistance level at $37.30 – $37.50.
Platinum
Platinum rallied after the successful test of the previous resistance level at $1090 – $1095.
In case platinum climbs above the resistance at $1135 – $1140, it will move towards the next resistance at $1195 – $1200.
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