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

Gold

Gold remains under pressure as traders focus on the strength of the U.S. dollar and rising Treasury yields.

If gold declines below the support at $2580 – $2590, it will head towards the next support level, which is located in the $2520 – $2530 range.

Silver

Silver moved lower as traders focused on the dynamics of the U.S. dollar and the pullback in gold markets.

If silver manages to settle below the $30.00 level, it will head towards the 50 MA at $29.58.

Platinum

Platinum tested new lows amid broad pullback in precious metals markets.

RSI remains in the moderate territory, so there is enough room to gain additional downside momentum in case the right catalysts emerge.

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