Gold
Gold is down by almost 3% in today’s trading session as traders react to Trump’s victory.
If gold manages to settle below the support at $2675 – $2685, it will move towards the next support level at $2580 – $2590.
Silver
Silver tests support at $31.45 – $31.75 as gold/silver ratio climbed above the 85.50 level.
A move below the $31.00 level will push silver towards the $30.00 level. RSI is in the moderate territory, so there is plenty of room to gain momentum in the near term.
Platinum
Platinum made an attempt to settle below the support at $975 as traders focused on strong U.S. dollar and rising Treasury yields.
If platinum settles below $975, it will head towards the next support level, which is located in the $935 – $945 range.
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