Gold, Silver, Platinum – Gold Pulls Back As Dollar Rebounds

NEW YORK (March 29) Gold pulled back towards the $1965 level as U.S. dollar moved higher against a broad basket of currencies. From a big picture point of view, gold continues to face material resistance below the psychologically important $2000 level.

Silver

Silver 290323 Daily Chart

Silver  is moving towards the resistance at the $23.50 level. RSI is close to the overbought territory, but there is enough room to gain additional momentum in case the right catalysts emerge. If silver settles above $23.50, it will head towards the $24.00 level.

Platinum

Platinum 290323 Daily Chart

Platinum rebounds after yesterday’s pullback, although it continues to trade belwo the 20 EMA. At this point, it looks that platinum will need additional catalysts to get out of the $950 – $1000 range.

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