Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats From Session Highs Despite U.S. Dollar’s Pullback

Gold

Gold is mostly flat despite U.S. dollar’s pullback and falling Treasury yields. Traders take some profits off the table after the recent rebound.

From the technical point of view, gold needs to settle above the resistance at $4170 – $4180 to gain additional upside momentum.

Silver

Silver made an attempt to settle above the $51.50 level but lost momentum and pulled back.

If silver settles below the $51.00 level, it will head towards the nearest support, which is located in the $49.60 – $49.80 range.

Platinum

Platinum tested the 50 MA at $1562 but failed to develop sufficient upside momentum.

A move above the 50 MA will open the way to the test of the resistance level at $1620 – $1630.

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