Gold
Gold rallied as traders focused on the events in Venezuela. Demand for precious metals is rising amid geopolitical tensions.
In case gold stays above the $4450 level, it will head towards the next resistance, which is located in the $4540 – $4550 range.
Silver
Silver gained strong upside momentum amid rising geopolitical tensions. Gold/silver ratio pulled back towards the 57.00 level, providing additional support to silver markets.
A successful test of the resistance at $77.50 – $78.00 will open the way to the test of the next resistance level at $83.50 – $84.00.
Platinum
Platinum tests resistance at $2245 – $2265 amid strong demand for precious metals.
In case this test is successful, platinum will head towards the next resistance at $2510 – $2530.
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