Gold, Silver, Platinum Forecasts – Gold Pulls Back As Traders Take Some Profits Off The Table

Gold

Gold faced resistance near the $3150 level and pulled back as traders took some profits off the table near historic highs.

If gold settles below the $3100 level, it will move towards the nearest support level at $3050 – $3060.

Silver

Silver is under pressure as gold/silver ratio climbed above the 92.50 level. Rising gold/silver ratio remains a key problem for silver bulls.

A move below the $33.50 level will push silver towards the nearest support at $32.75 – $33.00.

Platinum

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

A successful test of the support at $980 – $985 will open the way to the test of the next support level at $930 – $935.

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