Gold, Silver, Platinum Forecasts – Gold Gains Ground As Traders Stay Bullish Ahead Of U.S. Inflation Data

Gold

Gold gains ground as traders focus on falling Treasury yields and U.S. dollar’s pullback.

A successful test of the resistance at $2390 – $2400 will open the way to the test of the next resistance level at $2440 – $2450.

Silver

Silver pulls back as gold/silver ratio moved back above the 77 level. From the technical point of view, silver continues its attempts to settle above the resistance at $30.90 – $31.20.

In case silver moves above the $31.20 level, it will head towards the resistance at $32.25 – $32.50.

Platinum

Platinum is trying to rebound after the recent pullback. Palladium markets are moving higher, providing additional support to platinum.

Platinum received support in the $975 – $985 range and is trying to climb above the 50 MA at $1001. In case this attempt is successful, platinum will get to the test of the resistance at $1010 – $1020.

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