Gold, Silver, Platinum Forecasts – Gold Retreats From Historic Highs

Gold

Gold tested the psychologically important $3500 level but lost momentum and pulled back amid profit-taking.

The nearest support level for gold is located in the $3350 – $3360 range. A move below the $3350 level will push gold towards the next support at $3235 – $3245.

Silver

Silver continues its attempts to settle above the resistance level at $33.00 – $33.20.

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

Platinum

Platinum is losing ground after an unsuccessful attempt to settle above the resistance at $960 – $965.

A move below the $945 level will push platinum towards the nearest support at $930 – $935.

For a look at all of today’s economic events, check out our economic calendar.