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Gold, Silver, Platinum Forecasts – Gold Rebounds Above $2350
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Key Points:
- Gold continues to rebound after the recent pullback.
- Silver moved above the $31.50 level as gold/silver ratio tested new lows.
- Platinum is trying to settle back above $1050.
Gold
Gold gains ground as demand for precious metals is rising. RSI is in the moderate territory, so there is plenty of room to gain additional upside momentum.
If gold settles above the $2350 level, it will head towards the next resistance, which is located in the $2390 – $2400 range.
Silver
Silver rallies as gold/silver ratio declined towards the 74 level. Such levels were last seen back in 2021.
If silver stays above the $31.20 level, it will move towards the next resistance at $33.50 – $34.00.
Platinum
Platinum gained strong upside momentum amid a broad rally in precious metals markets.
In case platinum settles above the $1050 level, it will get to the test of the resistance at $1070 – $1080.
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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