Gold
Gold pulled back as traders reacted to Non Farm Payrolls report, which beat analyst estimates. Traders reduce bets on dovish Fed as labor market remained strong in September.
A move below the $4050 level will push gold towards the support level at $3990 – $4000.
Silver
Silver is under strong pressure as gold/silver ratio climbed back above the 80.00 level.
A successful test of the support at $49.60 – $49.80 will open the way to the test of the next support at $47.00 – $47.20.
Platinum
Platinum declined towards the $1500 level amid broad pullback in precious metals markets.
If platinum settles below $1500, it will head towards the next support at $1455 – $1465.
Gold Price Forecast
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