Gold continues its attempts to settle above the $4350 level as traders focus on the rally in silver and platinum markets.
The technical picture remains unchanged as gold needs to settle above the $4380 level to gain additional upside momentum.
Silver tests new highs as demand stays strong. Gold/silver ratio pulled back below the 65.00 level, providing significant support to silver markets.
The technical picture remains bullish, and silver has a decent chance to get to the test of the $70.00 level ahead of the New Year.
Platinum climbed above the psychologically important $2000 level as rally continued.
RSI moved into extremely overbought territory, so the risks of a rebound are increasing.
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Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.