Gold
Gold rallied as traders reacted to the weak Non Farm Payrolls report. Treasury yields tested multi-week lows, providing significant support to gold markets.
A successful test of the resistance at $3350 – $3360 will open the way to the test of the next resistance at $3440 – $3450.
Silver
Silver failed to gain strong upside momentum as gold/silver ratio climbed towards the 91.00 level.
A move below the 50 MA at $36.54 will push silver towards the support at $35.65 – $35.85.
Platinum
Platinum rebounds as traders focus on U.S. dollar’s pullback and falling Treasury yields.
If platinum stays above the $1300 level, it will move towards the resistance at $1345 – $1350.
Gold Price Forecast
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