Gold (XAUUSD), Silver, Platinum Forecasts – Gold Is Stuck Near The $4000 Level

Gold

Gold continues its attempts to settle above the nearest resistance level, which is located in the $3990 – $4000 range.

In case gold settles above the $4000 level, it will move towards the next resistance at $4170 – $4180.

Silver

Silver pulled back towards the $48.50 level as gold/silver ratio climbed above 82.50.

If silver stays below $48.50, it will head towards the support level at $47.00 – $47.20.

Platinum

Platinum remains stuck in a wide range between the support at $1520 – $1530 and the resistance at $1620 – $1630.

A move below the $1520 level will provide platinum with an opportunity to gain additional downside momentum.

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