Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher As Traders Ignore Dollar’s Rebound

Gold

Gold gains some ground despite U.S. dollar’s rebound and rising Treasury yields.

In case gold stays above the $3360 level, it will head towards August highs near the $3400 level.

Silver

Silver moved lower as traders took some profits off the table after the strong rebound from recent lows.

In case silver manages to settle above the $39.00 level, it will head towards the resistance at $39.80 – $40.00.

Platinum

Platinum failed to settle above the strong resistance level at $1345 – $1350 and pulled back towards the $1330 level.

A move below $1330 will push platinum towards the support level at $1300 – $1305.

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