Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Silver Tests Historic Highs

Gold

Gold gains ground as traders prepare for the test of historic highs amid rising demand for precious metals.

In case gold manages to settle above the resistance at $4370 – $4380, it will move towards the $4500 level.

Silver

Silver climbed above the resistance at $64.60 – $64.80 and tested historic highs as rally continued.

RSI is in the overbought territory. However, the bullish trend stays strong, and silver has a decent chance to gain additional upside momentum in the near term.

Platinum

Platinum tested new highs as traders rushed to increase their long positions amid strong demand for precious metals.

From the technical point of view, platinum continues to move towards the psychologically important $2000 level.

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