Gold, Silver, Platinum Forecasts – Gold Stays Strong As Rally Continues

By:

Vladimir Zernov

Published: Sep 26, 2024, 17:57 GMT+00:00

Key Points:

Gold tested new highs as traders remained bullish.
Silver moved above the $32.00 level as gold/silver ratio pulled back.
Platinum managed to climb above the psychologically important $1000 level.

In this article:

Gold

-0.42%

Silver

-0.50%

Platinum

+0.17%

Gold

Gold 260924 Daily Chart

Gold tested new highs as the strong rally continued. RSI is in the overbought territory, but traders ignore the risks of a pullback and focus on strong demand from central banks.

A move above the resistance at $2675 – $2685 will open the way to the test of the $2700 level.

Silver

Silver 260924 Daily Chart

Silver tested new highs as gold/silver ratio pulled back below the 83.50 level.

Currently, silver is trying to settle above the $32.00 level. In case this attempt is successful, it will head towards the next resistance at $34.00 – $34.25.

Platinum

Platinum 260924 Daily Chart

Platinum settled above the previous resistance at $975 – $985 and rallied above the $1000 level.

The next resistance level for platinum is located in the $1020 – $1030 range. A move above the $1030 level will provide platinum with an opportunity to gain additional upside momentum.

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About the Author

Vladimir Zernovauthor

Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.