Gold, Silver, Platinum Forecasts – Gold Moves Higher On Christmas Eve

Gold

Gold managed to gain some ground despite stronger dollar. From a big picture point of view, traders are not ready for big moves ahead of Christmas.

If gold pulls back below the $2610 level, it will head towards the nearest support, which is located in the $2580 – $2590 range.

Silver

Silver remains stuck below the $30.00 level as traders wait for catalysts. RSI is in the moderate territory, so there is plenty of room to gain momentum in case the right catalysts emerge.

A move above the $30.00 level will push silver towards the resistance at $31.45 – $31.75.

Platinum

Platinum is trying to settle above the strong resistance level at $935 – $945 as traders bet on improvements in demand for the metal.

In case this attempt is successful, platinum will head towards the 50 MA at $965.

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