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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulled Back From Session Highs Despite Falling Treasury Yields
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Key Points:
- Gold remains stuck near the resistance at $3990 - $4000.
- Silver settled near the $48.00 level.
- Platinum pulled back towards the $1500 level.
Gold
Gold is mostly flat despite U.S. dollar’s pullback and falling Treasury yields. From the technical point of view, gold continues its attempts to settle above the $4000 level.
A move above $4000 will push gold towards the resistance level at $4170 – $4180.
Silver
Silver is also flat as traders focus on the performance of gold markets and wait for additional catalysts.
In case silver settles back below the $48.00 level, it will head towards the support at $47.00 – $47.20.
Platinum
Platinum attempts to settle below the support level at $1520 – $1530 amid demand worries.
If platinum stays below the $1520 level, it will head towards the support level at $1400 – $1410.
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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