Gold
Gold pulls back as traders take some profits off the table after the rebound from June lows.
A move below the 50 MA at $2340 will push gold towards the support level at $2295 – $2305.
Silver
Silver is losing ground after an unsuccessful attempt to climb above the resistance at $30.90 – $31.20.
In case silver declines below the $30.50 level, it will head towards the 50 MA at $29.57.
Platinum
Platinum retreats amid broad pullback in precious metals markets. From a big picture point of view, demand for safe-haven assets decreased as U.S. indices tested new highs.
If platinum settles below the $1000 level, it will move towards the nearest support, which is located in the $975 – $985 range.
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