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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Iran Attacks U.S. Military Base In Qatar
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Key Points:
- Gold moved higher amid rising geopolitical tensions.
- Silver settled back above the $36.00 level.
- Platinum is up by 2.4% as traders but the dip.
Gold
Gold is moving higher as traders focus on the situation in the Middle East. Iran has recently attacked U.S. military base in Qatar.
A move above the $3400 level will push gold towards the resistance at $3490 – $3500.
Silver
Silver gains ground as traders use the recent pullback as an opportunity to increase their long positions.
In case silver climbs back above the $36.50 level, it will head towards the resistance at $37.30 – $37.50.
Platinum
Platinum has also rebounded from recent lows as traders bought the dip.
If platinum stays above the support at $1275 – $1280, it will move towards the resistance level at $1335 – $1340.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
Vladimir Zernovauthor
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
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