Gold, Silver, Platinum Forecasts – Gold Tests New Highs As Rally Continues -


Gold 020424 Daily Chart

Gold tested new highs despite rising Treasury yields. Demand for safe-haven assets increased as U.S. stock indices pulled back from recent highs.

The bullish trend is strong. However, RSI remains in the overbought territory, so the risks of a pullback are increasing.


Silver 020424 Daily Chart

Silver rallied as gold/silver ratio pulled back towards 87.60. Currently, silver is trying to settle above the key resistance at $25.75 – $26.00.

A move above $26.00 will signal that silver is ready to gain sustainable upside momentum.


Platinum 020424 Daily Chart

Platinum gained ground amid a broad rally in commodity markets. U.S. dollar’s pullback provided additional support to platinum.

If platinum settles above the resistance at $925 – $935, it will head towards the next resistance level at $975 – $985.

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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