Gold
Gold is under strong pressure as traders rush to take profits off the table after the strong rally.
in case gold stays below the support at $4170 – $4180, it will move towards the next support level, which is located in the $3990 – $4000 range.
Silver
Silver is down by as much as 7.5% as gold/silver ratio climbed towards the 85.00 level.
From the technical point of view, silver settled below the support at $49.60 – $49.80 and is heading towards the next support level at $47.00 – $47.20.
Platinum
Platinum tests multi-week lows amid broad sell-off in precious metals markets, which is driven by profit-taking.
A successful test of the support at $1520 – $1530 will open the way to the test of the next support level at $1450 – $1460.
Gold Price Forecast
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