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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Lower As Traders Focus On Dollar’s Rebound
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Key Points:
- Gold pulled back towards the $3330 level.
- Silver remained stuck near the $38.00 level.
- Platinum did not manage to settle above the $1350 level.
Gold
Gold made an attempt to settle above the resistance at $3350 – $3360 but lost momentum and pulled back towards the $3330 level.
If gold settles below $3330, it will head towards the next support, which is located in the $3275 – $3285 range.
Silver
Silver remains stuck near the $38.00 level despite stronger dollar and rising Treasury yields.
The technical picture remains unchanged as silver continues to trade above the key support at $37.30 – $37.50.
Platinum
Platinum faced strong resistance at $1345 – $1350 and pulled back towards the $1330 level.
A move below the $1330 level will push platinum towards the support at $1300 – $1305.
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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