Gold (XAUUSD), Silver, Platinum Forecasts – Gold Tests New Highs As Rally Continues

Gold

Gold tested new highs as traders focused on the strong pullback of the American currency.

RSI remains in the overbought territory, and traders may start to take some profits off the table ahead of the Fed decision, which will be released tomorrow.

Silver

Silver faced resistance near the $43.00 level and pulled back amid profit-taking.

A move below $42.00 will push silver towards the nearest support level, which is located in the $41.30 – $41.50 range.

Platinum

Platinum made an attempt to settle above the resistance at $1400 – $1405 but lost momentum and pulled back.

The technical picture remains unchanged as platinum needs to settle above the $1405 level to gain additional upside momentum in the near term.

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