Gold, Silver, Platinum – Platinum Markets Rebound From Multi-Month Lows

Key Insights

• Gold moved towards the $1820 level. 
• Silver remained under pressure despite weaker dollar. 
• Platinum rallied after an unsuccessful attempt to settle below the $910 level.

Gold

Gold made an attempt to settle above the $1820 level as traders reacted to the pullback of the U.S. dollar. In case gold settles above the $1820 level, it will move towards the resistance at $1835.

Silver

Silver remains under pressure despite the pullback of the U.S. dollar. RSI is in the oversold territory so the risk of a rebound is rising. However, it looks that silver will need additional catalysts to settle above the nearest resistance level at $20.90.

Platinum

Platinum received strong support near the $910 level and rebounded towards the $950 level. The nearest significant resistance for platinum is located at the 20 EMA at $955. If platinum manages to settle above this level, it will head towards the next resistance at the 50 EMA at $985.

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