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Gold, Silver, Platinum Forecasts – Gold Pulled Back Towards The $3200 Level
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Key Points:
- Gold faced resistance in the $3235 - $3245 range.
- Silver settled below the 50 MA at $32.50.
- Platinum climbed above the resistance at $930 - $935.
Gold
Gold pulled back as traders took some profits off the table after the strong rally.
In case gold settles above the resistance at $3235 – $3245, it will head towards the $3300 level.
Silver
Silver was mostly flat as gold/silver ratio pulled back below the psychologically important 100 level.
If silver settles above the 50 MA at $32.50, it will move towards the nearest resistance level at $33.00 – $33.20.
Platinum
Platinum tested new highs as traders bet that demand for the metal would increase after the recent changes in Trump’s tariff policy.
If platinum stays above the $935 level, it will head towards the next resistance at $960 – $965.
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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