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Gold, Silver, Platinum Forecasts – Gold Remains Stuck Below The $2750 Level
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Key Points:
- Gold is losing some ground as traders focus on rising Treasury yields.
- Silver is mostly flat as gold/silver ratio pulled back below the 81.50 level.
- Platinum is trying to settle above the resistance at $1020 - $1030.
Gold
Gold remains stuck below the key resistance level at $2750 – $2760 as traders wait for additional catalysts.
A move above the $2760 level will push gold towards the $2800 level.
Silver
Silver is mostly flat amid lack of strong catalysts. Treasury yields moved higher, but this move did not put pressure on silver markets.
In case silver declines below the $33.00 level, it will head towards the support level at $31.45 – $31.75.
Platinum
Platinum managed to climb above the $1030 level and is trying to gain additional upside momentum.
In case this attempt is successful, platinum will head towards the next resistance level at $1080 – $1090.
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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