Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulled Back Below The $4000 Level

Gold

Gold pulls back as traders focus on U.S. dollar’s rally and take some money off the table after yesterday’s rebound.

In case gold settles back below the $3990 level, it will move towards the nearest support, which is located in the $3890 – $3900 range.

Silver

Silver is losing ground amid profit-taking. Silver failed to settle above the resistance at $49.60 – $49.80 and pulled back towards the $48.50 level.

A move below $48.50 will push silver towards the support level at $47.00 – $47.20.

Platinum

Platinum is under strong pressure amid broad pullback in precious metals markets.

In case platinum settles below the $1550 level, it will get to the test of the support at $1520 – $1530.

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