Gold Rebounds As Dollar Moves Lower

LONDON (March 25) Gold rebounds as traders react to U.S. dollar’s pullback. At this point, the rebound is not strong, and it looks that gold needs additional positive catalysts to gain momentum.

If gold settles back above the $3025 level, it will move towards the nearest resistance at $3050 – $3060.

Silver

Silver 250325 Daily Chart

Silver rallied as gold/silver ratio pulled back below the psychologically important 90 level.

A move above the $34.00 level will open the way to the test of the resistance level at $34.60 – $34.85.

Platinum

Platinum 250325 Daily Chart

Platinum rebounds as traders take some profits off the table after the strong pullback.

From the technical point of view, platinum needs to settle back above the resistance at $980 – $985 to have a chance to gain sustainable upside momentum in the near term.

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