Gold
Gold tested historic highs after ECB cut the interest rate from 4.25% to 3.65%. Analysts also expect that Fed will start the new rate cut cycle next week, which is bullish for gold and other precious metals.
If gold settles above the $2550 level, it will head towards the $2600 level. RSI remains in the moderate territory, so there is plenty of room to gain momentum.
Silver
Silver rallied as gold/silver ratio pulled back towards the 85.50 level.
A move above the $30.00 level will open the way to the test of the resistance at $31.45 – $31.75.
Platinum
Platinum gained strong upside momentum amid broad rally in precious metals markets.
A successful test of the resistance at $975 – $985 will open the way to the test of the next resistance level at $1020 – $1030.
Gold Price Forecast
Every new Gold analysis as it publishes, today's technical signal and key levels, live price — on one page.
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