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Gold, Silver, Platinum Forecasts – Gold Tests $2435 As Rebound Continues
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Key Points:
- Gold traders stay bullish ahead of the weekend.
- Silver is stuck near the resistance at $27.50.
- Platinum faced strong resistance near $940 and pulled back.
Gold
Gold gains ground as the rebound continues. The pullback was quickly bought, and gold is moving towards recent highs.
A successful test of the resistance at $2445 – $2450 will push gold towards historic highs.
Silver
Silver pulls back as gold/silver ratio climbed back above the 88.50 level.
In case silver does not manage to settle above the resistance at $27.20 – $2.750, it will move towards the recent lows near the $26.50 level.
Platinum
Platinum retreats after an unsuccessful attempt to climb above the resistance at $935 – $940.
If platinum declines below the $910 level, it will move towards the nearest support at $880 – $890.
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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