Gold moves away from historic highs as U.S. dollar rebounds from weekly lows after the release of U.S. Retail Sales data.
In case gold settles below the $2550 level, it will head towards the next support level at $2520 – $2530.
Silver
Silver 170924 Daily Chart
Silver is losing some ground as traders continue to take profits off the table after the strong rally.
If silver settles below the $30.50 level, it will move towards the $30.00 level. A move below $30.00 will push silver towards the support at $28.75 – $29.00.
Platinum
Platinum 170924 Daily Chart
Platinum is under pressure amid broad pullback in precious metals markets.
A successful test of the support at $975 – $985 will open the way to the test of the next support level at $935 – $940.
For a look at all of today’s economic events, check out our economic calendar.
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.