Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests $4200 As Rally Continues

Gold

Gold tested new highs as traders bet on dovish Fed and rushed to increase their positions in precious metals.

In case gold stays above the resistance at $4170 – $4180, it will head towards the $4200 level.

Silver

Silver made another attempt to settle above the resistance at $53.40 – $53.60 but lost momentum and moved away from session highs.

A move above the $53.60 level will open the way to the test of the psychologically important $55.00 level.

Platinum

Platinum gained some ground amid rising demand for precious metals. RSI remains in the moderate territory, so there is enough room to gain upside momentum in the near term.

If platinum moves above the $1680 level, it will head towards the nearest resistance, which is located in the $1730 – $1735 range.

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