Gold (XAUUSD), Silver, Platinum Forecasts – Silver Retreats From Historic Highs

Gold

Gold made an attempt to settle below the support at $4170 – $4180 but lost momentum and rebounded above the $4200 level.

In case gold settles above the $4250 level, it will head towards the nearest resistance at $4370 – $4380.

Silver

Silver is under pressure as traders take profits after an unsuccessful attempt to settle above the resistance level at $58.60 – $58.80.

A move below the $56.50 level will open the way to the test of the support at $52.60 – $52.80.

Platinum

Platinum is losing ground as traders focus on the performance of silver markets.

In case platinum declines below the $1620 level, it will head towards the 50 MA at $1591. A move below the 50 MA will push platinum towards the support at $1520 – $1530.

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