Gold, Silver, Platinum Forecasts – Gold Rebounds From Multi-Week Lows

Gold

Gold managed to rebound from session lows as traders focused on the pullback of the U.S. dollar, which moved away from yearly highs.

If gold climbs above the $2590 level, it will have a chance to gain additional upside momentum.

Silver

Silver gains ground as gold/silver ratio declined below the 84.50 level. RSI is in the moderate territory, and there is enough room to gain additional upside momentum.

If silver settles back above the $30.50 level, it will head towards the nearest resistance at $31.45 – $31.75.

Platinum

Platinum gains some ground amid broad rebound in precious metals markets.

If platinum climbs back above the support at $935 – $945, it will head towards the nearest resistance level, which is located in the $975 – $985 range.

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