Gold, Silver, Platinum Forecasts – Gold Tests Historic Highs As Dollar Remains Under Strong Pressure

Gold

Gold tested new highs as Donald Trump continued to attack Fed Chair Jerome Powell, urging him to cut rates.

From the technical point of view, gold settled above the resistance at $3350 – $3360 and is moving towards the $3450 level.

Silver

Silver pulled back from session highs as gold/silver ratio climbed above the 104.50 level. Rising gold/silver ratio is a key problem for silver bulls.

If silver settles back below the $32.50 level, it will head towards the nearest support at $31.45 – $31.75.

Platinum

Platinum made an attempt to settle above the resistance at $960 – $965 but lost momentum and pulled back.

A move below the $950 level will open the way to the test of the support at $930 – $935.

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