Gold, Silver, Platinum Forecasts – Gold Rallied Above The $3400 Level

Gold

Gold rallies as Chinese investors get back to trading after a long May Day weekend.

In case gold stays above the $3400 level, it will move towards the resistance at historic highs at $3490 – $3500.

Silver

Silver is trying to settle above the resistance at $33.00 – $33.20 as traders react to the strong rally in gold markets.

In case silver settles above $33.20, it will move towards the next resistance at $34.40 – $34.60.

Platinum

Platinum moved above the $970 level amid rising demand for precious metals.

RSI remains in the moderate territory, so there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

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