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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounded Towards $3300 As Dollar Tested New Lows
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Key Points:
- Gold is trying to settle back above the $3300 level as dollar remains under strong pressure.
- Silver attempts to climb back above the $36.00 level.
- Platinum is losing ground amid profit-taking.
Gold
Gold rebounds from multi-week lows as traders focus on the weakness of the U.S. dollar.
If gold manages to settle back above the $3300 level, it will head towards the nearest resistance at $3350 – $3360.
Silver
Silver made an attempt to settle below the support level at $35.65 – $35.85 but lost momentum and climbed back towards the $36.00 level.
If silver moves above the $36.50 level, it will head towards the resistance level, which is located in the $37.30 – $37.50 range.
Platinum
Platinum is losing ground as traders continue to take profits after the strong rally.
In case platinum pulls back below the support at $1335 – $1340, it will head towards the next support level, which is located in the $1240 – $1245 range.
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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