Advertisement
Advertisement
Gold, Silver, Platinum Forecasts – Gold Retreats As Dollar Tests New Highs
By:
Key Points:
- Gold is trying to settle below the support at $2995 - $3005.
- Silver is moving lower amid rising Treasury yields.
- Platinum attempts to settle below the $960 level.
Gold
Gold remains under pressure as traders focus on strong dollar and rising Treasury yields.
If gold declines below the support at $2995 – $3005, it will move towards the next support level at $2930 – $2940.
Silver
Silver continues its attempts to settle below the support level at $32.75 – $33.00 as traders focus on the pullback in gold markets.
A move below the $32.75 level will push silver towards the next support at $31.45 – $31.75.
Platinum
Platinum tests new lows as the strong pullback continues amid demand worries.
If platinum settles below the $960 level, it will head towards the support at $930 – $935.
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.
Advertisement