Gold continues its attempts to settle above the resistance at $2995 – $3005 as traders focus on U.S. dollar’s pullback.
In case gold climbs above the $3005 level, it will gain additional upside momentum and move towards the $3050 level.
Silver
Silver 170325 Daily Chart
Silver is mostly flat as gold/silver ratio climbed back above the 88.50 level.
If silver settles above the $34.00 level, it will head towards the nearest resistance at $34.60 – $34.85.
Platinum
Platinum 170325 Daily Chart
Platinum tests resistance at $1015 – $1020 as the strong rally continues. RSI remains in the moderate territory, so there is enough room to gain additional momentum in the near term.
If platinum settles above $1020, it will head towards the resistance at $1050 – $1055.
For a look at all of today’s economic events, check out our economic calendar.
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.