Gold, Silver, Platinum Forecasts – Gold Pulls Back As Traders Focus On U.S. Inflation Data

Gold

Gold made an attempt to settle above the resistance at $2520 – $2530 but lost momentum and pulled back.

From the technical point of view, gold needs to settle above the $2530 level to gain sustainable upside momentum.

Silver

Silver gains ground as gold/silver ratio pulled back below the 88.00 level. U.S. dollar rebounded from session lows, but this move did not put significant pressure on silver markets.

A move above the resistance at $28.75 – $29.00 will push silver towards the next resistance level at $31.45 – $31.75.

Platinum

Platinum managed to climb above the resistance at $935 – $940 and is trying to settle above the $950 level.

In case this attempt is successful, platinum will head towards the next resistance level, which is located in the $975 – $985 range.

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