Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds As Traders Buy The Dip

Gold

Gold gains ground as traders buy the dip after the strong pullback. U.S. dollar tested multi-week highs, but this move did not put pressure on gold markets.

If gold manages to settle back above the resistance at $3350 – $3360, it will head towards the next resistance level at $3440 – $3450.

Silver

Silver is mostly flat as gold/silver ratio climbed back above the 87.00 level. RSI is in the moderate territory, and there is plenty of room to gain momentum in the near term.

If silver climbs back above the $38.50 level, it will head towards the nearest resistance at $39.80 – $40.00.

Platinum

Platinum made an attempt to settle below the $1400 level but lost momentum and moved back above $1410.

If platinum stays above the support at $1400 – $1405, it will head towards the resistance at $1495 – $1500.

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