Gold, Silver, Platinum Forecasts – Gold Pulls Back Amid Profit-Taking
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Gold
Gold 150324 Daily Chart
Gold is mostly flat as traders focus on stronger dollar and rising Treasury yields.
The nearest support level for gold is located in the $2140 – $2150 range. A move below $2140 will push gold towards the support at $2065 – $2075.
Silver
Silver 150324 Daily Chart
Silver tests new highs as gold/silver ratio settled below the 86 level. The strong pullback in gold/silver ratio served as the key positive catalyst for silver in recent trading sessions.
A move above the $25.50 level will push silver towards the next resistance at $25.75 – $26.00.
Platinum
Platinum 150324 Daily Chart
Platinum continues its attempts to settle above the resistance at $925 – $935. Palladium markets are moving higher, which is bullish for platinum.
If platinum stays above $935, it will head towards the next resistance level, which is located in the $975 – $985 range.
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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