Gold, Silver, Platinum Forecasts – Gold Tested New Highs

Gold

Gold remains stuck near the resistance at $2930 – $2940 as traders continue to take profits off the table near historic highs.

If gold moves below the $2920 level, it will head towards the nearest support, which is located in the $2870 – $2880 range.

Silver

Silver declined below the $32.50 level as gold/silver ratio climbed above the 91 level.

A move below $32.00 will push silver towards the nearest support level, which is located in the $31.45 – $31.75 range.

Platinum

Platinum tests new lows as traders react to the strong sell-off in palladium markets, which are down by 3.4%.

If platinum settles below the 50 MA at $964, it will head towards the support at $935 – $940.

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