Gold, Silver, Platinum Forecasts – Gold Tests The $2900 Level

Gold

Gold tested new highs as traders focused on Donald Trump’s plans to impose tariffs on U.S. imports of steel and aluminum.

It should be noted that RSI is in the overbought territory, so the risks of a pullback are increasing.

Silver

Silver did not manage to settle above the $32.00 level as gold/silver ratio jumped above 90.50.

In case silver pulls back below the support at $31.45 – $31.75, it will move towards the 50 MA at $30.58.

Platinum

Platinum rallied towards the resistance at $1025 – $1030 amid rising demand for precious metals.

A move above the $1030 level will push platinum towards the next resistance at $1085 – $1090.

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