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Gold, Silver, Platinum Forecasts – Gold Gains Ground As Traders Buy The Dip
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Key Points:
- Gold settled back above the $3300 level.
- Silver was mostly flat as traders took some profits off the table.
- Platinum continued its attempts to settle above the resistance at $960 - $965.
Gold
Gold rebounds as traders use the recent sell-off as an opportunity to increase their long positions.
If gold climbs back above the resistance at $3350 – $3360, it will move towards the next resistance level at $3490 – $3500.
Silver
Silver is mostly flat as traders take some profits off the table after yesterday’s strong rally.
In case silver stays above the $33.50 level, it will move towards the next resistance level, which is located in the $34.40 – $34.60 range.
Platinum
Platinum continues its attempts to settle above the strong resistance at $960 – $965.
In case platinum settles above the $965 level, it will head towards the resistance at $1010 – $1015.
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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