Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests $4000 Despite Strong Dollar

Gold

Gold gains ground as traders ignore strong dollar and bet that Fed will start a QE program soon.

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

Silver

Silver rallied 2.5% as gold/silver ratio declined towards the 82.00 level. RSI remains in the moderate territory, and there is plenty of room to gain momentum in the near term.

A successful test of the resistance at $49.60 – $49.80 will push silver towards the next resistance at $51.10 – $51.30.

Platinum

Platinum is moving higher amid broad rally in precious metals markets. Currently, platinum is trying to settle above the $1600 level.

In case this attempt is successful, platinum will get to the test of the resistance at $1620 – $1630.

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