Gold
Gold moved lower as traders decided to take some profits off the table near historic highs. U.S. dollar tested multi-week highs after strong jobs data, putting additonal pressure on gold markets.
From the technical point of view, gold needs to settle above the resistance level at $4640 – $4650 to gain additional upside momentum in the near term.
Silver
Silver suffered a strong sell-off and made an attempt to settle below the $87.00 level. However, traders used the pullback as an opportunity to increase their long positions and pushed silver back above the $91.00 level.
If silver stays above $91.00, it will move towards the nearest resistance at $91.50 – $92.00.
Platinum
Platinum has also managed to rebound from session lows as traders bought the dip.
A move above the $2350 level will push platinum towards recent highs near the $2425 level.
Gold Price Forecast
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