Gold, Silver, Platinum Forecasts – Gold Tests Resistance At $2025 -


Gold 200224 Daily Chart

Gold gains ground as traders focus on U.S. dollar’s pullback and falling Treasury yields.

Currently, gold is trying to settle above the resistance at $2015 – $2025. In case this attempt is successful, it will head towards the next resistance at $2065 – $2075.


Silver 200224 Daily Chart

Silver managed to stay above the $23.00 level as gold/silver ratio settled near 88. In case gold/silver ratio climbs above the 88 level, it will head towards 90, which would be bearish for silver.

A move below the $23.00 level will push silver back towards the strong support in the $22.25 – $22.50 range.


Platinum 200224 Daily Chart

Platinum tested new highs as traders focused on the rally in palladium markets, which moved towards the psychologically important $1000 level.

From the technical point of view, platinum is heading towards the nearest resistance at $925 – $935.

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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