Gold, Silver, Platinum Forecasts – Gold Rebounds As Traders Buy The Dip

Gold

Gold rebounds after the recent pullback. Traders ignore strong dollar and prepare for potential market volatility at the start of the next year.

If gold climbs above the $2640 level, it will move towards the nearest resistance level, which is located in the $2675 – $2685 range.

Silver

Silver tests support at $28.75 – $29.00 as gold/silver ratio climbed towards the 91.00 level.

In case this test is successful, silver will move towards the next support level at $27.50 – $27.70.

Platinum

Platinum tests new lows as the strong pullback continues amid demand worries.

If platinum manages to settle below the support at $895 – $905, it will gain additional downside momentum and move towards the next support level at $840 – $850.

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