Key Insights
- Gold moved towards $1960 after the recent pullback.
- Silver climbed back above the $23.50 level.
- Platinum gained strong upside momentum and tested resistance at $1040.
Gold
The nearest resistance level for gold is located at $1965. In case gold climbs above this level, it will move towards the next resistance at $1980.
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
R1:$1965 – R2:$1980 – R3:$2000
S1:$1950 – S2:$1930 – S3:$1915
Silver
A move above the $23.80 level will push silver towards the resistance at $24.10. On the support side, a successful test of the $23.50 level will open the way to the test of the next support level at $23.25.
R1:$23.80 – R2:$24.10 – R3$24.60
S1:$23.50 – S2:$23.25 – S3:$22.90
Platinum
A move above the $1040 level will push platinum towards the resistance at $1065. If platinum settles above $1065, it will head towards the next resistance at $1085.
R1:$1040 – R2:$1065 – R3:$1085
S1:$1015 – S2:$1000 – S3:$980
