Gold
Gold pulled back as demand for safe-haven assets decreased despite tensions in the Middle East.
If gold declines below the support at $3350 – $3360, it will move towards the next support level at $3235 – $3245.
Silver
Silver managed to gain some ground as gold/silver ratio pulled back towards the 93.00 level.
A move above the $36.50 level will open the way to the test of the resistance at $37.30 – $37.50.
Platinum
Platinum rebounded as traders used the strong pullback as an opportunity to increase their long positions.
If platinum climbs back above the $1250 level, it will head towards the nearest resistance, which is located in the $1275 – $1280 range.
Gold Price Forecast
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