Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats From Session Highs

Gold

Gold made an attempt to settle above the resistance at $4370 – $4380 but lost momentum and pulled back.

If gold declines below the $4280 level, it will head towards the nearest support at $4170 – $4180.

Silver

Silver pulled back below the $65.00 level as traders took some profits off the table near historic highs.

From the technical point of view, silver needs to stay above the $64.80 level to have a chance to gain upside momentum in the near term.

Platinum

Platinum tested new highs as the strong rally continued. RSI is in the overbought territory, so the risks of a pullback are increasing.

In case platinum settles below the $1915 level, it will head towards the nearest support at $1870 – $1880.

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