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Gold, Silver, Platinum Forecasts – Gold Rebounds From Session Lows As Dollar Pulls Back
Gold: chart Gold rebounds from session lows as traders use the pullback as an opportunity to establish long positions. From the technical point of view, gold received strong support in the $2295 – $2305 range. Silver: chart Silver is also moving higher as traders focus on falling Treasury yields and weaker dollar, which is losing ground against a broad basket of currencies. A move above $27.50 will push silver towards the nearest resistance at $27.75 – $28.00. Platinum: chart Platinum tested new lows amid a lack of positive catalysts. Traders remain worried about demand for platinum in the near term. In ... (full story)