Gold
Gold tested new highs but lost momentum and pulled back as traders focused on the sell-off in silver markets.
In case gold pulls back below the $4250 level, it will head towards the nearest support, which is located in the $4170 – $4180 range.
Silver
Silver is under strong pressure as traders rush to take profits off the table near historic highs.
A move below the $61.00 level will open the way to the test of the support at $58.60 – $58.80.
Platinum
Platinum made an attempt to settle above the resistance level at $1740 – $1750 but lost momentum as traders reacted to silver price dynamics.
In case platinum settles below the $1740 level, it will head towards the $1700 level.
Gold Price Forecast
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