Gold
Gold pulls back as traders focus on U.S. dollar’s rebound from multi-month lows and take some profits off the table.
A successful test of the support at $2995 – $3005 will push gold towards the next support level at $2930 – $2940.
Silver
Silver tested new lows as gold/silver ratio climbed towards the 91.50 level. Rising gold/silver ratio continues to put pressure on silver markets.
If silver settles below the $32.75 level, it will head towards the next support level at $31.45 – $31.75.
Platinum
Platinum remains under pressure as the strong pullback continues. From the technical point of view, platinum moved below the support at $980 – $985.
If platinum stays below the $980 level, it will move towards the support level at February lows at $930 – $935.
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