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Gold (XAUUSD), Silver, Platinum Forecasts – Silver Attempts To Rebound After Brutal Sell-Off
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Key Points:
- Gold climbed back towards the $4700 level as traders rushed to buy the dip.
- Silver found support near $71.50 and moved towards the $80.00 level.
- Platinum managed to settle back above the $2100 level.
Gold
Gold managed to rebound from session lows as traders rushed to buy gold after the strong sell-off.
In case gold manages to settle above the resistance at $4680 – $4700, it will head towards the resistance at $4880 – $4900.
Silver
Silver attempts to settle back above the resistance at $78.00 – $79.00 as the market tries to recover after brutal sell-off.
A move above the $80.00 level will push silver towards the resistance level at $87.00 – $88.00.
Platinum
Platinum rebounded towards the $2100 level after an unsuccessful attempt to settle below the support at $1880 – $1900.
If platinum stays above $2100, it will head towards the resistance at $2245 – $2265.
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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