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Gold (XAUUSD), Silver, Platinum Forecasts – Silver Rebounds As Traders Buy The Dip
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Key Points:
- Gold pulls back after an unsuccessful attempt to settle above the $4350 level.
- Silver gains ground as traders rush to buy the dip.
- Platinum tests new highs as rally continues.
Gold
Gold made another attempt to settle above the $4350 level but lost momentum and pulled back.
In case gold settles back below the $4300 level, it will head towards the $4250 level.
Silver
Silver rebounds after Friday’s sell-off as traders buy the dip. RSI remains in the overbought territory, but there is enough room to gain momentum in the near term.
From the technical point of view, silver needs to settle above the $64.80 level to gain additional momentum.
Platinum
Platinum climbed above the resistance at $1740 – $1750 and is trying to settle above the $1800 level.
In case this attempt is successful, platinum will head towards the $1850 level.
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.
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