Gold, Silver, Platinum Forecasts – Gold Tests $2400 Amid Broad Pullback In Commodity Markets

Gold

Gold settled below the support at $2445 – $2450 and tests the next support level at $2390 – $2400 as traders rush to take profits ahead of the weekend.

A move below the $2390 level will open the way to the test of the 50 MA at $2358.

Silver

Silver is losing ground as traders focus on the strong sell-off in gold markets.

Currently, silver is trying to settle below the support at $28.75 – $29.00. In case this attempt is successful, it will head towards the next support level at $27.20 – $27.50.

Platinum

Platinum pulls back as demand for precious metals declines. Rising Treasury yields and stronger dollar serve as additional bearish catalysts for platinum markets.

If platinum settles below $960, it will move towards the nearest support level at $935 – $940.

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