Gold tested new highs but lost momentum and pulled back as traders took some profits off the table.
If gold settles below the $2900 level, it will head towards the support at $2870 – $2880.
Silver made an attempt to settle below the support at $31.45 – $31.75 but lost momentum and rebounded towards the $32.00 level.
In case silver climbs back above $32.00, it will head towards the resistance at $32.75 – $33.00.
Platinum continues its attempts to settle above the resistance at $1025 – $1030.
If platinum manages to settle above the $1030 level, it will gain additional upside momentum and move towards the next resistance at $1085 – $1090.
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Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.