Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Dollar Rebounds

Gold

Gold remains under pressure as traders focus on the continuation of U.S. dollar’s rebound.

If gold settles below the $4050 level, it will head towards the support, which is located in the $3990 – $4000 range.

Silver

Silver settled back above the $50.50 level as gold/silver ratio declined towards the 80.00 level.

A move above $51.00 will open the way to the test of the resistance at $52.60 – $52.80.

Platinum

Platinum continued its attempts to settle below the support at $1520 – $1530 as traders reacted to the pullback in palladium markets.

If platinum manages to settle below the $1520 level, it will head towards the next support at $1455 – $1465.

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