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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Climbed Back Above The $4000 Level
By:
Key Points:
- Gold gains ground ahead of the weekend.
- Silver moved towards the $48.50 level.
- Platinum rebounded towards the $1540 level.
Gold
Gold attempts to settle above the $4000 level as traders focus on U.S. dollar’s pullback.
In case gold manages to settle above $4000, it will move towards the resistance level at $4170 – $4180.
Silver
Silver is moving higher as rebound continues. Currently, silver is trying to settle above the $48.50 level.
In case this attempt is successful, silver will move towards the resistance at $49.60 – $49.80.
Platinum
Platinum rebounds after yesterday’s sell-off amid rising demand for precious metals.
The technical picture remains unchanged as platinum is stuck near the support level at $1520 – $1530.
Interested in trading gold, silver, and other precious metals? Explore our educational section to learn the strategies that matter. 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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