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


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 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 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


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


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.