Gold, Silver, Platinum Forecasts – Gold Pulled Back Below The $3300 Level

Gold

Gold pulled back as traders continued to take profits off the table after the strong rally.

From the technical point of view, gold needs to settle back above the resistance at $3350 – $3360 to have a chance to gain upside momentum in the near term.

Silver

Silver is moving lower as traders focus on the sell-off in gold markets and wait for additional positive catalysts.

A move below the 50 MA at $32.63 will push silver towards the support level at $31.45 – $31.75.

Platinum

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

The technical picture remains unchanged as platinum needs to settle above the $965 level to gain upside momentum.

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