Gold
Gold tested new highs as traders focused on U.S. dollar pullback. Falling Treasury yields provided additional support to gold markets.
The nearest resistance level for gold is located in the $2520 – $2530 range. A move above $2530 will push gold towards the $2550 level.
Silver
Silver pulls back as gold/silver ratio climbed above the 85 level. Traders take some profits off the table after the strong rebound from August lows.
In case silver moves above the $30.00 level, it will head towards the resistance at $31.40 – $31.75.
Platinum
Platinum pulls back amid concerns about the health of China’s economy. Palladium markets are also moving lower, which is bearish for platinum.
If platinum settles below the support at $935 – $940, it will head towards the next support level at $880 – $890.
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