Gold, Silver, Platinum Forecasts – Gold Pulled Back Below The $3200 Level

Gold

Gold is losing ground as demand for safe-haven assets continues to decline. Traders bet that the worst-case scenario in trade wars has been avoided.

In case gold settles below the support at $3140 – $3150, it will move towards the next support level at $3050 – $3060.

Silver

Silver pulled back below the $32.50 level as traders reacted to the sell-off in gold markets.

A successful test of the support at $31.45 – $31.75 will push silver towards the next support level at $30.00 – $30.20.

Platinum

Platinum is losing some ground amid broad pullback in precious metals markets.

RSI is in the moderate territory, and there is plenty of room to gain momentum in case the right catalysts emerge.

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