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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests Historic Highs As Traders Stay Bullish
By:
Key Points:
- Gold settled above the resistance at $3780 - $3790.
- Silver tested new highs as rally continued.
- Platinum made an attempt to settle above the resistance at $1620 - $1625.
Gold
Gold tests new highs as rally continues. U.S. government shutdown worries provide additional support to gold markets today.
If gold stays above the resistance at $3780 – $3790, it will move towards the $3850 level.
Silver
Silver made an attempt to settle above the $47.00 level as gold/silver ratio settled below 82.00.
A successful test of the resistance at $47.00 – $47.20 will push silver towards the $48.00 level.
Platinum
Platinum has also tested new highs amid broad rally in precious metals markets.
From the technical point of view, platinum needs to settle above the resistance at $1620 – $1625 to gain additional upside momentum.
If you’d like to know more about what drives precious metals prices, please visit our educational area.
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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