Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds After Strong Pullback

Gold

Gold is moving higher as traders increase their long positions after the strong pullback.

A move above the resistance at $4170 – $4180 will push gold towards the next resistance level at $4370 – $4380.

Silver

Silver gained ground as gold/silver ratio pulled back towards the 84.00 level.

In case silver settles above the resistance at $49.60 – $49.80, it will head towards the next resistance level at $54.30 – $54.50.

Platinum

Platinum is also moving higher amid broad rebound in precious metals markets. RSI is in the moderate territory, so there is plenty of room to gain momentum in the near term.

In case platinum settles above the $1600 level, it will get to the test of the nearest resistance at $1620 – $1630.

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