Gold
Gold continues to rebound as traders focus on rising geopolitical tensions. The pullback in Treasury yields provided additional support to gold markets.
If gold settles above the $2650 level, it will move towards the next resistance level at $2675 – $2685.
Silver
Silver is mostly flat as gold/silver ratio rebounded above the 84.00 level. RSI is in the moderate territory, and there is enough room to gain momentum in the near term.
A successful test of the resistance at $31.45 – $31.75 will push silver towards the next resistance level at $34.00 – $34.25.
Platinum
Platinum gains ground as traders focus on the strong rally in palladium markets, which are up by 3%.
A move above the resistance at $975 – $985 will push platinum towards the next resistance level at $1020 – $1030.
Gold Price Forecast
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