Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests The $4200 Level

Gold

Gold tests new highs as traders focus on the strong pullback in Treasury yields, which is bullish for precious metals.

A successful test of the resistance at $4170 – $4180 will push gold towards the next resistance level at $4370 – $4380.

Silver

Silver rallied above the $53.00 level as gold/silver ratio declined below the 79.00 level.

In case silver stays above the resistance at $52.60 – $52.80, it will head towards the $55.00 level.

Platinum

Platinum gained 2% amid rising demand for precious metals. Currently, platinum is tryng to settle above the resistance at $1620 – $1630.

In case this attempt is successful, platinum will move towards the next resistance level at $1735 – $1745.

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