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Gold gained ground as U.S. dollar pulled back from multi-month highs. Rising demand for precious metals provided additional support to gold markets.
From the technical point of view, gold needs to settle above the resistance at $1935 – $1940 to have a chance to gain sustainable upside momentum.
Silver moved above the $23.00 level amid a broad rebound in precious metals markets. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum.
In case silver settles above the 200 MA at $23.50, it will head towards the resistance at $24.25 – $24.50.
Platinum
Platinum tested the resistance at $925 – $935 as traders bet that on the strong rebound towards the recent highs.
In case platinum manages to settle above $935, it will head towards the resistance at $975 – $985.
For a look at all of today’s economic events, check out our economic calendar.
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