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Gold, Silver, Platinum Forecasts – Gold Climbed Above The $2700 Level
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Key Points:
- Gold managed to settle above the $2700 level as rally continued.
- Silver is trying to climb above the resistance at $31.45 - $31.75.
- Platinum gained 0.5% amid rising demand for precious metals.
Gold
Gold gains ground as demand for precious metals is rising amid geopolitical tensions.
If gold stays above the $2700 level, it will head towards the next resistance level at $2740 – $2750.
Silver
Silver moved higher as traders focused on the strong rally in gold markets.
From the technical point of view, silver needs to climb above the resistance at $31.45 – $31.75 to gain additional upside momentum in the near term.
Platinum
Platinum managed to gain some ground but remained stuck below the resistance at $975 – $985.
If platinum moves above the $985 level, it will head towards the resistance at $1020 – $1030.
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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