Gold, Silver, Platinum Forecasts – Gold Tests The $3000 Level

Gold

Gold made an attempt to settle above the psychologically important $3000 level but lost momentum and pulled back.

RSI is close to the overbought territory, but there is enough room to gain additional upside momentum in case the right catalysts emerge.

Silver

Silver is losing ground as traders decided to take some profits off the table after the strong rally.

If silver manages to settle above the $34.00 level, it will head towards the nearest resistance at $34.60 – $34.85.

Platinum

Platinum tested resistance at $1015 – $1020 as the rally continued amid strong demand for precious metals.

A move above the $1020 level will push platinum towards the resistance level at $1050 – $1055.

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