Gold (XAUUSD), Silver, Platinum Forecasts – Precious Metals Pull Back Amid Profit-Taking

Gold

Gold made an attempt to settle above the $4500 level but lost momentum and pulled back.

If gold settles below the $4450 level, it will head towards the support level at $4370 – $4380.

Silver

Silver pulled back as gold/silver ratio climbed back above the 56.50 level. Traders take some profits off the table near historic highs.

A successful test of the support at $77.50 – $78.00 will push silver towards the next support level at $70.20 – $70.80.

Platinum

Platinum retreats amid profit-taking. Currently, platinum is trying to settle below the support at $2245 – $2265.

In case this attempt is successful, platinum will head towards the next support level, which is located in the $2050 – $2070 range.

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