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Gold, Silver, Platinum Forecasts – Gold Attempts To Settle Above $2640

By:
Vladimir Zernov
Published: Nov 28, 2024, 17:21 GMT+00:00

Key Points:

  • Gold gains ground amid rising demand for precious metals.
  • Silver settled back above the $30.00 level.
  • Platinum is trying to climb above the nearest resistance at $935 - $945.
Gold, Silver, Platinum Forecasts

In this article:

Gold

Gold
Gold 281124 Daily Chart

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
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
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.

For a look at all of today’s economic events, check out our economic calendar.

About the Author

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.

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