Gold (XAUUSD), Silver, Platinum Forecasts – Silver Tested The $74.00 Level

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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