Gold, Silver, Platinum Forecasts – Gold Rebounds Towards $2330 As Treasury Yields Fall -


Gold 180624 Daily Chart

Gold gains ground as traders focus on the pullback in Treasury yields. From a big picture point of view, gold continues to consolidate above the support at $2295 – $2305.

Gold needs to settle above the 50 MA at $2344 to have a chance to gain sustainable upside momentum in the near term.


Silver 180624 Daily Chart

Silver continues its attempts to settle above the $29.50 level as gold/silver ratio stays near the 79 level.

If silver settles above $29.50, it will head towards the nearest resistance level, which is located in the $30.90 – $31.20 range.


Platinum 180624 Daily Chart

Platinum continues to move away from recent lows as traders bet that demand in China would grow.

A successful test of the resistance at $975 – $985 will open the way to the test of the next resistance at $1010 – $1020.

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

This article was originally posted on FX Empire


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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