Gold
Gold is under strong pressure as traders rush to take profits near historic highs.
From the technical point of view, gold settled below the support at $5100 – $5110 and is moving towards the next support level at 4890 – 4900.
Silver
Silver suffered a major sell-off as gold/silver ratio climbed above the 52.00 level. Most likely, margin calls have served as an additional catalyst for the price action today.
If silver settles below the support at $95.00 – $96.00, it will head towards the next support level at $87.00 – $88.00.
Platinum
Platinum is down by roughly 15% amid broad sell-off in precious metals markets.
In case platinum settles below the $2150 level, it will head towards the support at $2040 – $2060.
Gold Price Forecast
Every new Gold analysis as it publishes, today's technical signal and key levels, live price — on one page.
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