Gold
Gold rebounds as traders focus on rising tensions in the Middle East. Israel may soon begin its operation against Hamas in Rafah, which is bullish for gold markets.
If gold climbs above the $2350 level, it will head towards the next resistance at $2390 – $2400.
Silver
Silver rallied as gold/silver ratio declined below the 85 level. From the technical point of view, silver remains stuck in a range between the support at $26.00 – $26.30 and the resistance at $27.75 – $28.00.
If silver moves above the $28.00 level, it will head towards the next resistance at $28.75 – $29.00.
Platinum
Platinum is swinging between gains and losses as some traders prefer to take profits after the recent rebound.
If platinum settles back below the $950 level, it will head towards the nearest support, which is located in the $925 – $935 range.
For a look at all of today’s economic events, check out our economic calendar.