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Gold, Silver, Platinum Forecasts – Gold Tests Key Resistance As Traders Stay Bullish
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Key Points:
- Gold is trying to settle above the $2520 level.
- Silver tests the $30.00 level amid rising demand for precious metals.
- Platinum gained some ground at the start of the week.
Gold
Gold tests resistance at $2520 – $2530 as demand for precious metals stays strong amid rising geopolitical tensions.
A move above the $2530 level will provide gold with an opportunity to gain additional upside momentum.
Silver
Silver is trying to settle above the $30.00 level as traders focus on the strong performance of gold markets.
In case this attempt is successful, silver will head towards the next resistance, which is located in the $31.40 – $31.75 range.
Platinum
Platinum made an attempt to settle above the resistance at $975 – $985 but failed to develop sufficient upside momentum.
If platinum climbs above the $985 level, it will head towards the next resistance at $1020 – $1030.
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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