Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Lower Amid Profit-Taking

Gold

Gold made an attempt to settle above the resistance at $4170 – $4180 but lost momentum and pulled back.

The technical picture remains unchanged as gold needs to settle above the $4180 level to gain additional upside momentum in the near term.

Silver

Silver gained some ground as gold/silver ratio declined below the 78.00 level.

If silver settles above the $53.50 level, it will head towards historic highs near $54.50. RSI is in the moderate territory, and there is plenty of room to gain momentum in case the right catalysts emerge.

Platinum

Platinum tested new highs as strong rally continued. Currently, platinum attempts to settle above the resistance at $1620 – $1630.

In case this attempt is successful, platinum will move towards the next resistance at $1740 – $1750.

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