Gold, Silver, Platinum Forecasts – Gold Tests New Lows As Pullback Continues

Gold

Gold tests new lows as traders stay focused on Trump’s tariff plans. It looks that sell-offs in other markets have forced some traders to sell gold in order to raise money.

If gold stays below the $2850 level, it will head towards the next support level at $2780 – $2790.

Silver

Silver is trying to settle below the 50 MA at $30.92 as traders focus on the strong pullback in gold markets.

A move below the 50 MA will push silver towards the support level at $29.75 – $30.00.

Platinum

Platinum tests support at $935 – $940 amid broad sell-off in precious metals markets.

In case platinum manages to settle below the $935 level, it will move towards the next support at $895 – $900.

For a look at all of today’s economic events, check out our economic calendar.