Wednesday (April 24)WesterngoldmegawaysFxempire independent trader and analyst Vladimir Zernov uses long-term position trading and band trading strategies to forecast the trend of gold, silver and platinum.

He predicts that gold is trying to regain its footing above $2300; silver is mostly stable, traders are waiting for additional catalysts; and platinum is still under pressure.

Gold

Gold is trying to rebound after the recent sell-off. The complex situation in the Middle East and strong demand from central banks are positive catalysts for the gold market.

If gold climbs above $2350 again, it will move towards the recent resistance level of $2390-$2400.

Silver

Silver is mostly stable, and the market has stabilized after recent fluctuations. The gold / silver ratio is stable around 85.

If silver rises to 27WesterngoldmegawaysAbove $50, it will face a resistance test of $27.75 to $28.00.

Platinum

Platinum is still under heavy pressure and a strong correction continues due to the lack of positive catalysts.

If it falls below the $900 level, it will open the way to testing to the support level of $870-$880.