Gold
Gold gains ground as demand for precious metals continues to increase. U.S. dollar moved towards yearly highs, but this move did not put pressure on gold markets.
In case gold settles above the resistance at $2675 – $2685, it will head towards the next resistance level at $2715 – $2725.
Silver
Silver is moving higher, supported by the strong performance of gold markets. However, gold/silver ratio moved back above the 88 level, which is worrisome for the bulls.
If silver stays above the $30.00 level, it will move towards the 50 MA at $30.78.
Platinum
Platinum tests new highs as the strong rebound continues amid rising demand for precious metals.
A successful test of the resistance at $975 – $985 will push platinum towards the next resistance level at $1020 – $1030.
Gold Price Forecast
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