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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests Historic Highs Despite Dollar’s Rebound
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Key Points:
- Gold attempts to settle above the resistance at $5300 - $5310.
- Silver climbed above the $114.00 level.
- Platinum remained stuck near the $2600 level.
Gold
Gold tests new highs despite U.S. dollar’s rebound. The rally continues as traders stay focused on geopolitical tensions.
A move above the resistance at $5300 – $5310 will push gold towards the $5400 level.
Silver
Silver is moving higher as traders react to the strong performance of gold markets.
From the technical point of view, silver needs to stay above the $113.50 level to gain additional upside momentum in the near term.
Platinum
Platinum is swinging between gains and losses as traders prepare for Fed decision, which will be released soon.
If platinum climbs back above the $2700 level, it will move towards the resistance at $2860 – $2880.
If you’d like to know more about how to trade gold and silver, 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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