Gold, Silver, Platinum Forecasts – Gold Remains Under Pressure Amid Profit-Taking

Gold

Gold is losing ground as traders continue to take profits near historic highs.

RSI is in the moderate territory, so there is plenty of room to gain additional downside momentum in the near term.

Silver

Silver tests new lows as gold/silver ratio climbed above the 84.00 level and continues to move higher.

A move below $32.50 opens the way to the test of the support level at $31.45 – $31.75.

Platinum

Platinum remains stuck near the support level at $975 – $985 as traders focus on the pullback in precious metals markets.

If platinum manages to climb back above the $1000 level, it will head towards the nearest resistance at $1020 – $1030.

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