SLV

Gold, Silver, Platinum Forecasts – Gold Is Losing Ground On Profit-Taking

FXEmpire.com -

Gold

Gold 160524 Daily Chart

Gold pulls back as traders takes some profits off the table near the key resistance level at $2390 – $2400.

A move above the $2400 level will open the way to the test of historic highs at $2450.

Silver

Silver 160524 Daily Chart

Silver is trying to settle above the psychologically important $30.00 level as traders stay bullish after the strong rally.

If silver climbs above the $30.00 level, it will head towards the resistance at $30.90 – $31.20.

Platinum

Platinum 160524 Daily Chart

Platinum is losing some ground as traders take profits off the table after the strong rally.

The nearest resistance level for platinum is located in the $1070 – $1080 range. If platinum moves above the $1080 level, it will head towards the next resistance at $1130 – $1140.

For a look at all of today’s economic events, check out our economic calendar.

This article was originally posted on FX Empire

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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