Advertisement
Advertisement
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Lower As Treasury Yields Rise
By:
Key Points:
- Gold pulled back towards the $3375 level.
- Silver tested new highs as rebound continued.
- Platinum is trying to climb above the resistance at $1345 - $1350.
Gold
Gold moved lower despite U.S. dollar’s pullback as traders focused on rising Treasury yields.
If gold manages to settle above the $3400 level, it will head towards the resistance at $3440 – $3450.
Silver
Silver continued to move higher as gold/silver ratio declined towards the 89.00 level.
A move above $38.00 will push silver towards the resistance level at $39.80 – $40.00.
Platinum
Platinum is trying to settle above the resistance at $1345 – $1350. RSI is in the moderate territory, and there is plenty of room to gain momentum in the near term.
If platinum climbs above $1350, it will head towards the resistance at $1400 – $1405.
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