Gold
Gold tests key resistance at $3050 – $3060 as demand for precious metals stays strong amid trade wars.
A move above the $3060 level will push gold towards the $3100 level. RSI is close to the overbought territory, but there is enough room to gain additional upside momentum in the near term.
Silver
Silver tests new highs as gold/silver ratio pulled back towards the 89.00 level.
From the technical point of view, silver is heading towards the strong resistance level at $34.60 – $34.75.
Platinum
Platinum rebounds amid broad rally in precious metals markets. Palladium markets are up by 1.3%, which is bullish for platinum.
A successful test of the resistance at $980 – $985 will push platinum towards the next resistance level at $1015 – $1020.
Gold Price Forecast
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