Gold
Gold tested new highs as the rally continued. Traders ignored rising Treasury yields and stronger dollar.
If gold stays above the $2750 level, it will move towards the nearest resistance level at $2780 – $2790.
Silver
Silver made an attempt to settle above the $31.00 level but lost momentum and pulled back as gold/silver ratio climbed towards the 89.50 level.
If silver settles back below the 50 MA at $30.39, it will head towards the support level at $28.75 – $29.00.
Platinum
Platinum continues to move higher amid rising demand for precious metals. The strong rally in palladium markets provided additional support to platinum.
A move above the $960 level will open the way to the test of the next resistance level at $975 – $980.
Gold Price Forecast
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