Gold
Gold managed to rebound from session lows as traders used the pullback as an opportunity to increase their long positions.
In case gold stays above the $4450 level, it will head towards recent highs near the $4500 level.
Silver
Silver pulled back as gold/silver ratio climbed above the 58.00 level. From a big picture point of view, traders continue to take profits near historic highs.
A move below the $74.00 level will open the way to the test of the next support at $70.20 – $70.80.
Platinum
Platinum rebounded from session lows as traders bought the dip. From the technical point of view, platinum needs to settle back above the $2265 level to have a chance to gain sustainable upside momentum in the near term.
If platinum climbs back above the $2300 level, it will move towards recent highs near the $2450 level.
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