Gold gains some ground as the rebound continues. U.S. dollar is moving higher in today’s trading session, but this move does not put pressure on gold markets.
If gold manages to settle above the $2650 level, it will move towards the nearest resistance, which is located in the $2675 – $2685 range.
Silver
Silver 281124 Daily Chart
Silver made an attempt to settle below the $30.00 level but lost momentum and climbed back above $30.25.
If silver moves above the $30.50 level, it will head towards the nearest resistance at $31.45 – $31.75.
Platinum
Platinum 281124 Daily Chart
Platinum is trying to rebound amid rising demand for precious metals. RSI is in the moderate territory, and there is plenty of room to gain momentum in the near term.
If platinum settles back above the resistance at $935 – $945, it will head towards the next resistance level, which is located in the $975 – $985 range.
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Vladimir is an independent trader and analyst with over 10 years of experience in the financial markets. He is a specialist in stocks, futures, Forex, indices, and commodities areas using long-term positional trading and swing trading.