Gold
Gold moved away from historic highs as traders focused on strong U.S. dollar, which gained ground after the release of ADP Employment Change report.
If gold settles back below the $2650 level, it may gain additional downside momentum and move towards the support at $2580 – $2590.
Silver
Silver continues its attempts to settle above the resistance at $31.45 – $31.75 as gold/silver ratio pulled back below the 84 level.
The technical picture remains unchanged, and silver needs to settle above $31.75 to gain sustainable upside momentum.
Platinum
Platinum managed to climb above the $1000 level as traders ignored stronger dollar and rising Treasury yields.
A move above $1000 opens the way to the test of the nearest resistance level at $1020 – $1030.
Gold Price Forecast
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