Silver moved lower as gold/silver ratio climbed above 77.
Platinum made an attempt to settle above the $1000 level
Gold
Gold 100724 Daily ChartGold gains ground as traders focus on falling Treasury yields and U.S. dollar’s pullback.
A successful test of the resistance at $2390 – $2400 will open the way to the test of the next resistance level at $2440 – $2450.
Silver
Silver 100724 Daily ChartSilver pulls back as gold/silver ratio moved back above the 77 level. From the technical point of view, silver continues its attempts to settle above the resistance at $30.90 – $31.20.
In case silver moves above the $31.20 level, it will head towards the resistance at $32.25 – $32.50.
Platinum
Platinum 100724 Daily ChartPlatinum is trying to rebound after the recent pullback. Palladium markets are moving higher, providing additional support to platinum.
Platinum received support in the $975 – $985 range and is trying to climb above the 50 MA at $1001. In case this attempt is successful, platinum will get to the test of the resistance at $1010 – $1020.
