Advertisement
Advertisement
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Keeps Moving Higher As Rebound Continues
By:
Key Points:
- Gold continues its attempts to settle above the resistance at $3350 - $3360.
- Silver climbed towards the $36.50 level as gold/silver ratio pulled back.
- Platinum rallied above the $1400 level.
Gold
Gold continues to move higher as traders focus on dovish Fed policy outlook.
A successful test of the resistance at $3350 – $3360 will open the way to the test of the next resistance level at $3440 – $3450.
Silver
Silver gains ground as gold/silver ratio pulled back towards the 91.50 level. Currently, silver is trying to settle above the $36.50 level.
In case this attempt is successful, silver will move towards the resistance at $37.30 – $37.50.
Platinum
Platinum is trying to settle above the resistance at $1400 – $1405 as traders bet that the metal would be in deficit in 2025.
If platinum stays above the $1405 level, it will head towards the resistance level at $1470 – $1475.
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.
Advertisement