Gold, Silver, Platinum Forecasts – Gold Tested New Highs Despite Strong Dollar

Gold

Gold is trying to settle above the resistance at $2675 – $2685 as traders ignore strong U.S. dollar.

A move above the $2685 level will push gold towards the resistance at $2715 – $2725.

Silver

Silver is mostly flat as gold/silver ratio climbed above the 88.50 level. Rising gold/silver ratio remains a key problem for silver bulls.

If silver settles back below the $30.00 level, it will head towards the nearest support, which is located in the $28.75 – $29.00 range.

Platinum

Platinum is losing ground as traders take some profits off the table after the strong rally.

From the technical point of view, platinum needs to climb above the resistance at $975 – $985 to gain additional upside momentum in the near term.

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