Gold, Silver, Platinum Forecasts – Gold Is Flat Despite Dollar’s Pullback

Gold

Gold remains stuck below the resistance level at $2930 – $2940 despite the strong pullback of the U.S. dollar.

In case gold settles back below the $2900 level, it will move towards the support at $2870 – $2880.

Silver

Silver rallied above the $32.50 level as gold/silver ratio declined towards the 89.50 level.

If silver climbs above the resistance at $32.75 – $33.00, it will head towards the next resistance level at $34.60 – $34.85.

Platinum

Platinum is mostly flat in volatile trading. Traders are trying to evaluate the potential changes in demand for platinum amid trade wars.

A move below the $960 level will open the way to the test of the nearest support at $935 – $940.

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