On Thursday (June 20), Fxempire independent traders and analysts Vladimir Zernov used long-term hold positions and swing trading strategies to predict the trend of gold, silver and platinum.

He predicts that gold prices have successfully climbed above the 50-day moving average to $2,343; as the gold/silver ratio falls to 76.50, silver prices rise above $30.50; platinum continues to attempt to break through recent resistance levels of $975-$985. #Gold Technical Analysis#

Gold

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Despite the strength of the US dollar and rising US bond yields, the gold market is still rising. Geopolitical tensions have intensified, boosting demand for metals.

If the gold price remains above $2,350, it will fall to the resistance level of $2,390-$2,400.

Silver

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As the gold/silver ratio falls to the 76.50 level, silver prices rise. If the gold/silver ratio falls below the support level of 75.75, the silver market will gain additional upward momentum.

From a technical perspective, breaking through the resistance levels of $30.90-$31.20 will pave the way for testing the next resistance levels of $32.25-$32.50.

Platinum

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Against the backdrop of a generally rising precious metals market, platinum continues to try to break through the resistance level of $975-$985.

If the platinum price remains above $985, it will fall to the next resistance level, the range of $1,010-$1,020.