Gold
Gold gains some ground as traders focus on U.S. dollar’s pullback. The American currency remains under pressure, which is bullish for gold.
In case gold climbs above the resistance at $3350 – $3360, it will move towards the next resistance level at $3440 – $3450.
Silver
Silver continues its attempts to settle above the $37.00 level. RSI is in the moderate territory, and there is plenty of room to gain additional momentum in the near term.
A move above the $37.00 level will push silver towards the resistance level at $37.30 – $37.50.
Platinum
Platinum rebounded after yesterday’s sell-off. Demand for the metal stays strong, and platinum prices settled near multi-year highs.
It should be noted that RSI has recently settled back in the moderate territory, so there is enough room to gain momentum in the near term.
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