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Gold, Silver, Platinum Forecasts – Gold Is Flat As Traders Wait For Catalysts
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Key Points:
- Gold is mostly flat despite U.S. dollar's pullback.
- Silver settled below the $30.50 level.
- Platinum is trying to climb back above the $945 level.
Gold
Gold is mostly flat as the market stabilizes after the strong pullback, which was triggered by strong dollar.
If gold moves below the $2550 level, it will head towards the nearest support, which is located in the $2515 – $2525 range.
Silver
Silver is swinging between gains and losses amid lack of strong catalysts.
If silver manages to settle back above the $31.00 level, it will get to the test of the nearest resistance at $31.45 – $31.75.
Platinum
Platinum rebounds after the strong pullback. Currently, platinum is trying to settle back above the support at $935 – $945.
In case this attempt is successful, platinum will move towards the next resistance level at $975 – $985.
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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