Gold, Silver, Platinum Forecasts – Gold Tests Historic Highs As Rally Continues

Gold

Gold tests historic highs as traders stay focused on dovish Fed policy outlook, which is bullish for precious metals.

RSI has recently moved into the overbought territory, but there is enough room to gain momentum in the near term.

Silver

Silver is trying to settle above the strong resistance at $31.45 – $31.75 as traders focus on the strong performance of gold markets.

A move above $31.75 will provide silver with an opportunity to gain strong upside momentum.

Platinum

Platinum is losing ground after an unsuccessful attempt to settle above the $990 level.

If platinum pulls back below $970, it will head towards the 50 MA at $950.

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