Gold, Silver, Platinum Forecasts – Gold Tests The $2930 Level

Gold

Gold tests resistance at $2930 – $2940 as traders bet that demand from central banks will stay strong in the upcoming months.

A move above the $2940 level will open the way to the test of the psychologically important $3000 level.

Silver

Silver gains ground as traders react to the strong performance of gold markets. RSI is in the moderate territory, and there is enough room to gain momentum in the near term.

If silver climbs above the $33.00 level, it will head towards the next resistance at $34.60 – $34.85.

Platinum

Platinum is stuck near the $1000 level as traders wait for additional catalysts.

In case platinum climbs back above the $1010 level, it will head towards the resistance at $1025 – $1030.

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