Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Traders Focus On U.S. Jobs Data

Gold

Gold gains some ground as traders focus on U.S. dollar’s pullback, which was triggered by the disappointing ADP Employment Change report.

The technical picture remains bullish as gold stays above the support level at $4170 – $4180.

Silver

Silver continues its attempts to settle above the nearest resistance level, which is located in the $58.60 – $58.80 range.

In case silver settles above the $58.80 level, it will gain additional upside momentum and head towards the $60.00 level.

Platinum

Platinum managed to rebound after yesterday’s pullback. From the technical point of view, platinum settled back above the support at $1620 – $1630.

In case platinum stays above the $1650 level, it will head towards the resistance at $1740 – $1750.

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