Gold
Gold rebounds as traders focus on the pullback in Treasury yields. From a big picture point of view, gold found strong support in the $2295 – $2305 range.
In case gold climbs above the 50 MA at $2345, it will move towards the next resistance at $2390 – $2400.
Silver
Silver rebounds from multi-week lows as traders focus on the performance of gold markets.
Traders should note that silver’s dynamics in recent trading sessions were mostly driven by fluctuations of gold/silver ratio.
Platinum
Platinum gains some ground amid broad rebound in precious metals markets. However, the current bearish trend remains unchanged.
Platinum needs to climb back above the 50 MA at $984 to have a chance to gain sustainable upside momentum.
Gold Price Forecast
Every new Gold analysis as it publishes, today's technical signal and key levels, live price — on one page.
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