Gold, Silver, Platinum Forecasts – Gold Found Support Near $2400

Gold

Gold found support in the $2390 – $2400 range and is trying to rebound as traders focus on the pullback in Treasury yields.

If gold stays above the $2400 level, it will head towards the nearest resistance at $2445 – $2450.

Silver

Silver remains under some pressure as gold/silver ratio climbed above the 82.50 level.

It should be noted that silver made several attempts to settle below the support at $28.75 – $29.00, but these attempts yielded no results. In case silver manages to settle above the $29.00 level, it will move towards the 50 MA at $30.21.

Platinum

Platinum is losing ground as traders stay focused on the problems of China’s economy.

A move below the support at $935 – $940 will open the way to the test of the next support level at $890 – $900.

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