SLV

Gold, Silver, Platinum Forecasts – Gold Retreats Amid Broad Sell-Off In Precious Metals Markets

FXEmpire.com -

Gold

Gold 040624 Daily Chart

Gold is losing ground amid broad sell-off in precious metals markets. Bulls need additional positive catalysts to push gold prices above the $2350 level.

The nearest support level for gold is located in the $2295 – $2305 range. A move below $2295 may trigger a sell-off.

Silver

Silver 040624 Daily Chart

Silver is under strong pressure as gold/silver ratio rebounded towards the 79 level.

Silver is moving towards the support at $28.75 – $29.00. In case silver settles below $28.75, it will head towards the next support at $27.30 – $27.60.

Platinum

Platinum 040624 Daily Chart

Platinum retreats as traders remain worried about the strength of demand from China.

A successful test of the nearest support at $975 – $985 will open the way to the test of the next support level at $935 – $945.

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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