Gold, Silver, Platinum Forecasts: Analyzing Market Resistance Levels
Gold Forecast Analysis
Gold remains trapped below the crucial resistance level at $2520 - $2530. With a bullish technical setup in play, gold must establish itself above this range to trigger upside momentum.
Silver Market Trends
Silver is currently testing its strength against the significant level of $30.00. Recent movements in the gold/silver ratio have created support around 84.00, enhancing silver's chances to climb. Should it breach $30.00, silver could target resistance levels at $31.40 - $31.75.
Platinum Resistance Levels
Platinum has faced setbacks after failing to surpass the $975 - $985 resistance level. The current technical analysis indicates that platinum remains caught between support levels at $935 - $940 and its resistance zones. Monitoring this range will be pivotal for seeking potential breakouts.
Economic Calendar Insights
For an overview of today's economic events that could impact these markets, check our economic calendar.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.