Gold (XAUUSD), Silver, Platinum Forecasts – Gold Remains Stuck Below Key Resistance

Gold

Gold remains stuck below the key resistance at $3350 – $3360 despite weak dollar and falling Treasury yields.

Bulls may start to worry as gold failed to settle above the $3360 level after the release of U.S. inflation data, which showed that Core Inflation Rate remained unchanged at 2.8%.

Silver

Silver continues to move lower as traders take profits off the table near multi-year highs.

A successful test of the support at $35.65 – $35.85 will open the way to the test of the next support level at $34.40 – $34.60.

Platinum

Platinum tested new highs as the strong rally continued. Traders reacted to the trade deal between U.S. and China.

It should be noted that RSI is in the extremely overbought territory, so the risks of a pullback are increasing.

For a look at all of today’s economic events, check out our economic calendar.