Gold
Gold moved above the $3370 level as traders focused on U.S. dollar’s pullback, which was driven by Powell’s dovish comments.
If gold stays above $3360, it will head towards the $3400 level. A move above this level will push gold towards $3440 – $3450.
Silver
Silver rallied towards the $39.00 level as gold/silver ratio pulled back below 86.50.
In case silver settles above $39.00, it will head towards the resistance at $39.80 – $40.00.
Platinum
Platinum gained some ground amid rising demand for precious metals. From the technical point of view, platinum continued its attempts to settle above the strong resistance at $1345 – $1350.
If platinum settles above the $1350 level, it will head towards the next resistance at $1400 – $1405.
Gold Price Forecast
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