Gold, Silver, Platinum Forecasts – Gold Rebounds But Traders Stay Cautious

Gold

Gold attempts to rebound after yesterday’s sell-off, which was triggered by falling demand for safe-haven assets.

If gold manages to settle back above the $3360 level, it will gain additional upside momentum and move towards the $3400 level.

Silver

Silver is moving higher as gold/silver ratio pulled back below the 92.50 level. RSI is in the moderate territory, and there is plenty of room to gain momentum in the near term.

In case silver settles above the $36.50 level, it will head towards the nearest resistance at $37.30 – $37.50.

Platinum

Platinum attempts to settle above the resistance at $1335 – $1340 as rally continues.

A successful test of this level will open the way to the test of the next resistance at $1400 – $1405.

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