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Gold, Silver, Platinum Forecasts – Gold Tests $2525 As Traders Stay Bullish
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Key Points:
- Gold gained upside momentum despite rising Treasury yields and stronger dollar.
- Silver climbed back above the $29.50 level.
- Platinum rebounded after yesterday's pullback.
Gold
Gold tests key resistance at $2520 – $2530 as traders stay bullish despite rising Treasury yields.
In case gold manages to settle above the $2530 level, it may quickly get to the test of the $2550 level.
Silver
Silver rebounds after the strong pullback. Gold/silver ratio declined towards 85.50, providing additional support to silver markets.
From the technical point of view, silver needs to settle above the $30.00 level to gain sustainable upside momentum.
Platinum
Platinum moved higher amid broad rebound in precious metals markets.
In case platinum climbs back above the $940 level, it will head towards the nearest resistance, which is located in the $975 – $985 range.
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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