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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Treasury Yields Pull Back

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold is heading towards the $3400 level.
  • Silver is trying to settle above the resistance at $34.40 - $34.60.
  • Platinum climbed above the $1080 level.

Gold

Gold
Gold 040625 Daily Chart

Gold is moving higher as traders focus on the strong pullback in Treasury yields, which was triggered by weak economic data.

If gold climbs above the $3400 level, it will head towards the resistance, which is located at historic highs at $3490 – $3500.

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Silver

Silver
Silver 040625 Daily Chart

Silver continues its attempts to settle above the nearest resistance level at $34.40 – $34.60.

In case silver manages to settle above the $34.60 level, it will head towards the next resistance at $35.65 – $35.85.

Platinum

Platinum
Platinum 040625 Daily Chart

Platinum gained upside momentum and moved towads the resistance level at $1090 – $1095.

A successful test of this level will open the way to the test of the next resistance at $1135 – $1140.

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About the Author

Vladimir ZernovFutures Trading Expert

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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