Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds Despite Stronger Dollar

Gold

Gold received support near the $4000 level and rebounded above the $4050 level despite stronger dollar.

If gold stays above $4050, it will move towards the resistance, which is located in the $4170 – $4180 range.

Silver

Silver climbed back above the $50.50 level as gold/silver ratio pulled back towards the 80.00 level.

A move above the $51.00 level will open the way to the test of the resistance at $52.60 – $52.80.

Platinum

Platinum made an attempt to settle below the $1520 level but lost momentum and rebounded towards $1540.

In case platinum climbs above the 50 MA at $1550, it will head towards the resistance at $1620 – $1630.

For a look at all of today’s economic events, check out our economic calendar.