Gold, Silver, Platinum Forecasts – Gold Stays Stuck Below $2750

Gold

Gold is stuck below the $2750 level as traders wait for the results of U.S. elections. U.S. dollar’s pullback did not provide material support to gold markets in today’s trading session.

From the technical point of view, gold needs to settle above the resistance at $2750 – $2760 to have a chance to gain additional upside momentum in the near term.

Silver

Silver moved higher as gold/silver ratio pulled back below the 84.00 level. RSI is in the moderate territory, and there is enough room to gain additional momentum in the near term.

A move above the $33.00 level will open the way to the test of the resistance level at $34.00 – $34.25.

Platinum

Platinum rebounds as traders focus on the better-than-expected Caixin Services PMI report from China.

If platinum settles back above the $1000 level, it will move towards the resistance level at $1020 – $1030.

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