Gold
Gold tests new highs as traders stay bullish after the release of the weaker-than-expected U.S. GDP Growth Rate report. ECB cut the interest rate to 2.9% and sent a dovish signal, providing additional support to gold and other precious metals.
A move above the $2800 level will push gold towards the $2850 level. RSI remains in the moderate territory, which is bullish for gold.
Silver
Silver tests resistance at $31.45 – $31.75 as gold/silver ratio declined towards the 88.50 level.
A move above $31.75 will open the way to the test of the next resistance at $32.75 – $33.00.
Platinum
Platinum moved above the resistance at $975 – $985 and gained strong upside momentum.
If platinum settles above the $1010 level, it will get to the test of the next resistance level at $1020 – $1030.
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