Gold
Gold is losing ground as traders take profits after the strong rebound from October lows.
In case gold settles back below the $4170 level, it will head towards the 50 MA at $4048.
Silver
Silver has recently made another attempt to settle above the resistance at $58.60 – $58.80 but lost momentum and pulled back.
RSI remains in the overbought territory, so the risks of a pullback are increasing. A move below the $56.50 level will push silver towards the support at $52.60 – $52.80.
Platinum
Platinum attempts to settle below the support at $1620 – $1630 amid broad pullback in precious metals markets.
In case this attempt is successful, platinum will gain additional downside momentum and head towards the 50 MA at $1584.
Gold Price Forecast
Every new Gold analysis as it publishes, today's technical signal and key levels, live price — on one page.
See all Gold forecastsFor a look at all of today’s economic events, check out our economic calendar.
