Gold, Silver, Platinum Forecasts – Gold Dives Amid Global Market Sell-Off

Gold

Gold retreats as global market sell-off continues. Traders sell almost everything, including gold.

Gold declined below the support at $3050 – $3060 and is moving towards the next support level at $2995 – $3005.

Silver

Silver suffered a strong sell-off as China imposed 34% tariffs on U.S. goods. Traders worry that trade war between the world’s biggest economies will hurt demand for silver.

A move below the $29.75 level opens the way to the test of the next support at $28.50 – $28.70.

Platinum

Platinum tests support at $895 – $900 amid global market sell-off. RSI is in the moderate territory, and there is enough room to gain downside momentum in the near term.

If platinum settles below $895, it will move towards the support level at $870 – $875.

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