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Gold, Silver, Platinum Forecasts – Gold Climbed Above $2650
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Key Points:
- Gold is moving higher ahead of the weekend.
- Silver tests resistance at $31.45 - $31.75.
- Platinum is up by 1% amid rising demand for precious metals.
Gold
Gold climbed above the $2650 level as demand for precious metals increased ahead of the weekend.
It should be noted that gold has quickly rebounded after the recent pullback, which shows that the current bullish trend remains intact.
Silver
Silver tests resistance at $31.45 – $31.75 as traders focus on the strong performance of gold markets.
A successful test of this resistance level will open the way to the test of the next resistance at $34.00 – $34.25.
Platinum
Platinum is trying to settle above the nearest resistance level, which is located in the $975 – $985 range.
A move above $985 will push platinum towards the next resistance at $1020 – $1030.
For a look at all of today’s economic events, check out our economic calendar.
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.
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