Gold, Silver, Platinum Forecasts – Gold Tests Historic Highs Despite Rising Treasury Yields
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Gold
Gold tests new highs as traders remain bullish despite strong dollar and rising Treasury yields.
RSI is in the moderate territory, so there is plenty of room to gain momentum in case the right catalysts emerge.
Silver
Silver pulled back despite the rally in the gold markets as gold/silver ratio climbed above the 85.00 level.
From the technical point of view, silver needs to settle above the resistance at $31.45 – $31.75 to gain additional upside momentum.
Platinum
Platinum made an attempt to settle above the $1000 level but lost momentum and pulled back.
If platinum declines below the $975 level, it will move towards the 50 MA at $961.
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