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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Remains Stuck Near $4300

From fxempire.com

Gold remains stuck near the $4300 level despite U.S. dollar’s pullback and falling Treasury yields. From the technical point of view, gold needs to settle above $4300 to gain additional momentum and move towards the resistance at $4370 – $4380. Silver faced resistance near the $64.00 level and pulled back as gold/silver ratio rebounded towards the 68.00 level. In case silver settles back below $62.00, it will head towards the nearest support, which is located in the $58.60 – $58.80 range. Platinum gained almost 4% and tested resistance at $1870 – $1880 as rally continued. A move above the $1880 level will open the ... (full story)

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  • Category: Technical Analysis