Gold, Silver, Platinum Forecasts – Gold Is Flat Amid Lack Of Catalysts

Gold

Gold is mostly flat as traders wait for additional catalysts. From a big picture point of view, geopolitical tensions continue to provide support to gold markets.

If gold climbs above the 50 MA at $2344, it will move towards the resistance at $2390 – $2400.

Silver

Silver gains ground as gold/silver ratio pulled back below the 78.50 level. The dynamics of gold/silver ratio remain the key driver for silver markets.

A move above the $30.00 level will push silver towards the nearest resistance, which is located in the $30.90 – $31.20 range.

Platinum

Platinum tests resistance at $975 – $985 as the rebound continues. Rising palladium markets provide additional support to platinum.

If platinum settles above the $985 level, it will head towards the next resistance at $1010 – $1020.

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