Advertisement
Advertisement
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Trades Below $3350 Despite U.S. Dollar’s Pullback
By:
Key Points:
- Gold markets are mostly flat ahead of the weekend.
- Silver remains stuck near the $38.00 level.
- Platinum failed to settle above the key resistance at $1345 - $1350.
Gold
Gold is mostly flat as traders react to U.S. dollar’s pullback and rising Treasury yields.
From the technical point of view, gold continues its attempts to settle below the support at $3350 – $3360.
Silver
Silver is losing some ground as traders stay focused on the dynamics of gold markets.
If silver settles below the $38.00 level, it will move towards the support at $35.60 – $35.85.
Platinum
Platinum pulled back after an unsuccessful attempt to settle above the resistance at $1345 – $1350.
The technical picture remains unchanged as platinum needs to settle above the $1350 level to gain sustainable upside momentum.
For a look at all of today’s economic events, check out our economic calendar.
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.
Advertisement