Gold, Silver, Platinum Forecasts – Gold Gains Ground Despite Strong Dollar

Gold

Gold managed to gain some ground despite strong U.S. dollar. From a big picture point of view, gold continues to consolidate below the $2650 level.

A move above $2650 will push gold towards the resistance at $2675 – $2685.

Silver

Silver is moving lower as gold/silver ratio climbed towards the 85.00 level.

In case silver settles back below $31.00, it will head towards the $30.00 level. RSI is in the moderate territory, and there is plenty of room to gain momentum in the near term.

Platinum

Platinum tests new lows as pullback continues amid falling demand for precious metals.

If platinum stays below the $935 level, it will head towards the next support level at $895 – $905.

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