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Gold, Silver, Platinum Forecasts – Gold Tests Historic Highs As Traders Prepare For U.S. Elections
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Key Points:
- Gold rallied above the $2760 level as traders remained bullish.
- Silver is trying to settle above the $34.25 level as traders focus on the strong performance of gold markets.
- Platinum moved above the resistance at $1020 - $1030.
Gold
Gold tests historic highs as the strong rally continues. Traders continue to buy gold ahead of U.S. elections.
Gold has recently moved above the resistance at $2750 – $2760 and is heading towards the $2800 level.
Silver
Silver gains ground as gold/silver ratio pulled back below the 81.00 level.
In case silver manages to stay above the $34.25 level, it will gain additional upside momentum and move towards the $35.00 level.
Platinum
Platinum tests new highs amid rising demand for precious metals. The recent rally in palladium markets has also provided some support to platinum.
In case platinum settles above the $1050 level, it will head towards the next resistance 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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