Gold
Gold managed to stay above the $2500 level as demand remained strong. Traders bet that Fed will start cutting rates aggressively, which will be bullish for gold markets.
It should be noted that RSI remains in the moderate territory, so there is plenty of room to gain momentum in case the right catalysts emerge.
Silver
Silver tests resistance at $28.75 – $29.00 as gold/silver ratio pulled back towards the 85.50 level.
In case silver settles above the $29.00 level, it will move towards the resistance at $31.40 – $31.75.
Platinum
Platinum is mostly flat as some traders prefer to take profits near weekly highs.
A move above the $960 level will push platinum towards the nearest resistance at $975 – $985.
Gold Price Forecast
Every new Gold analysis as it publishes, today's technical signal and key levels, live price — on one page.
See all Gold forecastsFor a look at all of today’s economic events, check out our economic calendar.
