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Gold, Silver, Platinum – Silver Tests New Highs

From fxempire.com

Gold: {chart} Gold remains stuck near the resistance at $1975 – $1985. U.S. dollar’s rebound served as a negative catalyst for gold markets today. If gold climbs above the $1985 level, it will move towards the next resistance in the $2015 – $2025 range. Silver: {chart} Silver gains ground despite stronger dollar. Gold/silver ratio pulled back towards the 78.50 level, which was bullish for silver. Silver has recently managed to settle above the previous resisance at $24.60 – $24.80. RSI is close to the overbought territory, but silver has a decent chance to move towards the next resistance at $25.90 – $26.15. ... (full story)

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  • Category: Technical Analysis