Gold, Silver, Platinum Forecasts – Gold Retreats As Dollar Gains Ground At The Start Of The Week

Gold

Gold is losing ground as traders focus on U.S. dollar’s rally. From a big picture point of view, gold needs additional positive catalysts to settle above the $2650 level.

A move below $2620 will push gold towards the nearest support level at $2580 – $2590.

Silver

Silver is moving lower as gold/silver ratio climbed back above the 86.50 level.

From the technical point of view, silver continues to stabilize in the $30.00 – $30.50 range.

Platinum

Platinum continued its attempts to settle above the resistance at $935 – $945 but did not manage to gain sufficient upside momentum.

If platinum moves above the $945 level, it will head towards the next resistance level at $975 – $985.

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