Gold
Gold pulls back from session highs as traders take profits after the strong rally.
In case gold settles back below the $4100 level, it will head towards the nearest support, which is located in the $3990 – $4000 range.
Silver
Silver tested new highs as gold/silver ratio pulled back below the 81.00 level. Weak dollar provided additional support to silver markets in today’s trading session.
In case silver climbs above the $51.00 level, it will head towards the next resistance at $52.60 – $52.80.
Platinum
Platinum made an attempt to settle above the $1600 level but lost momentum and pulled back.
The technical picture remains unchanged as platinum needs to settle above the resistance at $1620 – $1630 to gain additional momentum in the near term.
Gold Price Forecast
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