Gold
Gold rallied as traders used Friday’s pullback as an opportunity to increase their long positions at attractive levels.
A successful test of the resistance at $4370 – $4380 will open the way to the test of the psychogically important $4500 level.
Silver
Silver failed to gain strong momentum as gold/silver ratio climbed back above the 83.00 level.
In case silver settles above the $52.50 level, it will head towards the nearest resistance, which is located in the $53.40 – $53.60 range.
Platinum
Platinum attempts to settle back above the resistance level at $1620 – $1625 amid rising demand for precious metals.
In case this attempt is successful, platinum will head towards the next resistance, which is located near recent highs in the $1730 – $1735 range.
Gold Price Forecast
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