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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Silver Tests Historic Highs
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Key Points:
- Gold is moving towards key resistance at $4370 - $4380.
- Silver rallied above the $66.00 level.
- Platinum tested new highs amid strong demand for precious metals.
Gold
Gold gains ground as traders prepare for the test of historic highs amid rising demand for precious metals.
In case gold manages to settle above the resistance at $4370 – $4380, it will move towards the $4500 level.
Silver
Silver climbed above the resistance at $64.60 – $64.80 and tested historic highs as rally continued.
RSI is in the overbought territory. However, the bullish trend stays strong, and silver has a decent chance to gain additional upside momentum in the near term.
Platinum
Platinum tested new highs as traders rushed to increase their long positions amid strong demand for precious metals.
From the technical point of view, platinum continues to move towards the psychologically important $2000 level.
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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