Gold
Gold tested new highs as rally continued. Traders stay focused on Fed policy outlook and rising geopolitical tensions, which is bullish for gold markets.
Traders should note that RSI is in the overbought territory, so the risks of a pullback are increasing.
Silver
Silver pulled back as traders took profits near the strong resistance level at $31.45 – $31.75.
If silver declines below the $30.00 level, it will move towards the nearest support, which is located in the $28.75 – $29.00 range.
Platinum
Platinum tested new lows amid demand worries. The pullback in Treasury yields did not provide support to platinum markets in today’s trading session.
A move below the $960 level will push platinum towards the support at $935- $940.
Gold Price Forecast
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