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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Treasury Yields Pull Back
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Key Points:
- Gold is moving higher as traders focus on falling Treasury yields.
- Silver declined below the $36.50 level as gold/silver ratio moved towards 91.00.
- Platinum remained stuck in a wide trading range.
Gold
Gold is trying to rebound after yesterday’s pullback as traders focus on falling Treasury yields.
The technical picture remains unchanged as gold needs to settle above the resistance at $3350 – $3360 to gain additional upside momentum.
Silver
Silver is losing ground as gold/silver ratio moved back towards the 91.00 level.
A successful test of the support at $35.65 – $35.85 will push silver towards the next support level at $34.60 – $34.80.
Platinum
Platinum remains stuck in a range between the support level at $1335 – $1340 and the resistance level at $1400 – $1405.
If silver declines below $1335, it will move towards the next support at $1270 – $1275.
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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