fishingtacklenearme| Traders: If you stick to the 2400 mark, the gold price is expected to rise to 2500 in the future

Huitong Financial APP News-On Tuesday (May 21), gold lost some position in profit-taking; silver tried to stabilize at 32.fishingtacklenearmeAbove the $.50 level; platinum closed near $1050 in volatile trading. Vladimir Zernov, independent trader and analyst at Fxempire, uses long-term position trading and swing trading strategies to forecast the trend of gold, silver and platinum.

Gold took profits as traders approached all-time highs and swung between ups and downs.

Recent support levels for gold are in the $2,390 - 2,400 range. If gold stays above the $2400 level, it will move towards $2500.

spot silver

Silver tested the $32.50 level while traders remained bullish. Relative strength indicators are in overbought territory, so some traders have decided to take profits.

If silver breaks through $32.50, it will move towards the next resistance level of $33.5-$34.00.

spot Platinum

Platinum is basically stable in volatile trading. Markets are trying to stabilize after their recent rally.

If platinum recovers above the $1050 level, it will move towards the recent resistance level of $1,070 - 1,080.

Beijing time 08fishingtacklenearme: 27. Spot gold is now quoted at US$2,422.11/ounce.