Gold
Gold retreats as traders continue to take profits near historic highs. At this point, it looks that the market needs more catalysts to test the $2500 level.
If gold settles below $2445, it may gain additional downside momentum and move towards the support at $2390 – $2400.
Silver
Silver tests support at $27.20 – $27.50 as gold/silver ratio climbed towards the 89.50 level. Rising gold/silver ratio is a key problem for silver bulls.
A successful test of the support at $27.20 – $27.50 will push silver towards the next support level at $25.20 – $25.60.
Platinum
Platinum retreats after an unsuccessful attempt to settle above the resistance at $935 – $940.
A move below the $910 level will open the way to the test of the nearest support at $880 – $890.
Gold Price Forecast
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