Gold, Silver, Platinum Forecasts – Gold Tested The $3300 Level

Gold

Gold remains stuck below the resistance at $3350 – $3360 as U.S. dollar attempts to rebound against a broad basket of currencies.

If gold settles below the $3300 level, it will move towards the nearest support at $3235 – $3245.

Silver

Silver is flat as gold/silver ratio declined towards the psychologically important 100.00 level.

If silver pulls back below the 50 MA at $32.66, it will head towards the support at $31.45 – $31.75.

Platinum

Platinum is losing ground as traders take profits after the recent move. Palladium is down by 1.5%, which is bearish for platinum.

If platinum moves back below the $960 level, it will head towards the support at $930 – $935.

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