Gold

Gold
Gold 220824 Daily Chart

Gold is under pressure as traders continue to take profits near historic highs. U.S. dollar’s rebound served as an additional negative catalyst for gold markets.

If gold settles below the $2475 level, it will head towards the nearest support at $2445 – $2450.

Silver

Silver
Silver 220824 Daily Chart

Silver is moving lower as traders focus on the strong pullback in gold markets. Gold/silver ratio climbed towards the 85.50 level, which was bearish for silver.

A move below the support at $28.75 – $29.00 will push silver towards the next support level at $27.20 – $27.50.

Platinum

Platinum
Platinum 220824 Daily Chart

Platinum is losing ground amid broad pullback in precious metals markets.

The technical picture remains unchanged as platinum is stuck between the support at $935 – $940 and the resistance at $975 – $985.

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