Gold, Silver, Platinum Forecasts – Gold Stays Strong Ahead Of The Weekend

Gold

Gold gains ground despite strong dollar as traders bet that central banks will increase their holdings and push the price towards the $3000 level.

Gold needs to settle above the nearest resistance level at $2750 – $2760 to gain additional upside momentum.

Silver

Silver remains stuck below the key resistance level at $34.00 – $34.25 as traders continue to take profits off the table near multi-year highs.

A move above the $34.25 level will push silver towards the psychologically important $35.00 level.

Platinum

Platinum managed to rebound from session lows as traders focused on the continuation of the strong rally in palladium markets.

A successful test of the resistance at $1020 – $1030 will open the way to the test of the next resistance level at $1080 – $1090.

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