Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back From Session Highs Amid Profit-Taking

Gold

Gold pulled back from session highs as traders focused on rising Treasury yields and took some profits off the table after the strong rally.

RSI remains in the moderate territory, so there is plenty of room to gain additional upside momentum in the near term.

Silver

Silver pulled back towards the $53.00 level as gold/silver ratio rebounded above the 79.00 level.

From the technical point of view, silver needs to stay above the resistance at $52.60 – $52.80 to gain additional upside momentum in the near term.

Platinum

Platinum made an attempt to settle above the resistance at $1620 – $1630 but lost momentum and pulled back.

As a result, platinum remains stuck in a range between the support at $1520 – $1530 and the resistance at $1620 – $1630.

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