Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Lower As Treasury Yields Rise

Gold

Gold moved lower despite U.S. dollar’s pullback as traders focused on rising Treasury yields.

If gold manages to settle above the $3400 level, it will head towards the resistance at $3440 – $3450.

Silver

Silver continued to move higher as gold/silver ratio declined towards the 89.00 level.

A move above $38.00 will push silver towards the resistance level at $39.80 – $40.00.

Platinum

Platinum is trying to settle above the resistance at $1345 – $1350. RSI is in the moderate territory, and there is plenty of room to gain momentum in the near term.

If platinum climbs above $1350, it will head towards the resistance at $1400 – $1405.

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