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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Some Ground As Traders Ignore Rising Treasury Yields
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Key Points:
- Gold markets are moving higher despite stronger dollar.
- Silver is heading towards the $37.00 level as gold/silver ratio pulled back below 90.
- Platinum tests the $1400 level as traders stay bullish.
Gold
Gold managed to gain some ground despite stronger dollar and rising Treasury yields.
If gold climbs above the $3360 level, it will move towards the resistance at $3440 – $3450.
Silver
Silver climbed towards the $37.00 level as gold/silver ratio pulled back below the psychologically important 90.00 level.
A move above $37.00 will lead to the test of the nearest resistance at $37.30 – $37.50.
Platinum
Platinum has recently made an attempt to settle above the resistance at $1400 – $1405.
In case platinum settles above $1405, it will head towards the next resistance at $1495 – $1500.
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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