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Gold, Silver, Platinum Forecasts – Gold Climbs Towards $2300 As Demand Stays Strong

From fxempire.com

Gold: {chart} Gold tested new highs as rally continued. U.S. dollar’s pullback and fear of missing out were the key drivers for the move. Gold is overbought, but every pullback is quickly bought as demand stays strong. The market sentiment is extremely bullish, and gold is ready to test the $2300 level. Silver: {chart} Silver tested multi-year highs as gold/silver ratio declined towards the 85 level. Finally, silver managed to get out of the wide trading range and is ready to test new highs. A move above $26.95 will open the way to the test of the $28.00 level. Platinum: {chart} Platinum tests resistance at $925 – ... (full story)

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  • Category: Technical Analysis