Gold, Silver, Platinum Forecasts – Gold Stays Strong As Rally Continues

Gold

Gold tested new highs as the strong rally continued. RSI is in the overbought territory, but traders ignore the risks of a pullback and focus on strong demand from central banks.

A move above the resistance at $2675 – $2685 will open the way to the test of the $2700 level.

Silver

Silver tested new highs as gold/silver ratio pulled back below the 83.50 level.

Currently, silver is trying to settle above the $32.00 level. In case this attempt is successful, it will head towards the next resistance at $34.00 – $34.25.

Platinum

Platinum settled above the previous resistance at $975 – $985 and rallied above the $1000 level.

The next resistance level for platinum is located in the $1020 – $1030 range. A move above the $1030 level will provide platinum with an opportunity to gain additional upside momentum.

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