Gold, Silver, Platinum Forecasts – Gold Rallies As Iran Attacks Israel

Gold

Gold moved back towards historic highs as traders reacted to Iran’s attack on Israel.

A move above the resistance at $2675 – $2685 will push gold towards the $2700 level.

Silver

Silver gained ground as traders focused on rising geopolitical tensions. It should be noted that gold/silver ratio moved above the 84.50 level, which was bearish for silver.

From the technical point of view, silver needs to settle above the resistance at $31.45 – $31.75 to gain sustainable upside momentum.

Platinum

Platinum made an attempt to settle above the $1000 level but lost momentum and pulled back.

If platinum settles below the support at $975 – $985, it will head towards the next support level, which is located in the $935 – $940 range.

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