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Gold, Silver, Platinum Forecasts – Gold Tests New Highs As Rally Continues

From fxempire.com

Gold: {chart} Gold tested new highs despite rising Treasury yields. Demand for safe-haven assets increased as U.S. stock indices pulled back from recent highs. The bullish trend is strong. However, RSI remains in the overbought territory, so the risks of a pullback are increasing. Silver: {chart} Silver rallied as gold/silver ratio pulled back towards 87.60. Currently, silver is trying to settle above the key resistance at $25.75 – $26.00. A move above $26.00 will signal that silver is ready to gain sustainable upside momentum. Platinum: {chart} Platinum gained ground amid a broad rally in commodity markets. U.S. ... (full story)

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  • Category: Technical Analysis