Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests Historic Highs As Traders Bet On Rate Cuts

Gold

Gold tests historic highs as traders bet that Fed will continue to cut interest rates. Geopolitical concerns serve as an additional bullish catalyst for gold markets.

If gold settles above the $3750 level, it will gain additional momentum and move towards the $3800 level.

Silver

Silver climbed above the resistance at $42.80 – $43.00 and is trying to settle above the $44.00 level.

In case this attempt is successful, silver will head towards the $45.00 level. RSI is in the overbought territory, so the risks of a pullback are increasing.

Platinum

Platinum moved above the resistance at $1400 – $1405 amid broad rally in precious metals markets.

If platinum stays above the $1405 level, it will head towards the resistance at $1450 – $1455.

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