Gold 261023 Daily Chart
Source: TradingView via FXEmpire
Gold moved above the $1985 level amid rising demand for safe-haven assets. The pullback in Treasury yields provided additional support to gold markets.
In case gold stays above $1985, it will head towards the next resistance at $2015 – $2025.
Silver 261023 Daily Chart
Source: TradingView via FXEmpire
Silver tested support at $22.50 as gold/silver ratio climbed above the 87 level.
At this point, rising gold/silver ratio is the key bearish catalyst for silver. A move above the 88 level will put additional pressure on silver, but traders should note that support at $22.25 – $22.50 remains strong.
Platinum 261023 Daily Chart
Source: TradingView via FXEmpire
Platinum is losing some ground as traders wait for additional catalysts.
From the technical point of view, platinum managed to stay above the $900 level, so it has a good chance to get to the test of the resistance at $925 – $935.
For a look at all of today’s economic events, check out our economic calendar.
Originally published by Vladimir Zernov at FXEmpire
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