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Gold, Silver, Platinum Forecasts – Gold Tests New Highs As Strong Rally Continues
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Key Points:
- Gold settled above the $2700 level and gained additional upside momentum.
- Silver moved above the psychologically important $33.00 level.
- Platinum climbed above $1000 and is heading towards the resistance at $1020 - $1030.
Gold
Gold tested new highs above the $2700 level as rally continued. Demand for gold stays strong ahead of the weekend.
Gold has recently settled above the resistance at $2675 – $2685 and is moving towards the $2750 level.
Silver
Silver tests new highs as gold/silver ratio declined towards the 82.00 level.
A move above the $33.00 level will push silver towards the next resistance, which is located in the $34.00 – $34.25 range.
Platinum
Platinum climbed above the $1000 level amid broad rally in precious metals markets.
If platinum stays above $1010, it will head towards the nearest resistance level 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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