Gold, Silver, Platinum Forecasts – Gold Pulls Back Below $2500 As Dollar Tests Weekly Highs

Gold

Gold pulls back after an unsuccessful attempt to settle above the resistance at $2520 – $2530.

If gold settles below the $2500 level, it will move towards the support at $2445 – $2450.

Silver

Silver tests support at $28.75 – $29.00 as gold/silver ratio climbed towards the 87.00 level.

In case this test is successful, silver will head towards the next support level at $27.20 – $27.50.

Platinum

Platinum is losing ground amid broad pullback in precious metals markets. Rising Treasury yields and stronger U.S. dollar put pressure on platinum.

A move below the $920 level will push platinum towards the next support at $890 – $900.

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