Gold, Silver, Platinum Forecasts – Gold Tests New Highs As The Strong Rally Continues
Gold
Gold tests new highs amid rising demand for precious metals. RSI is close to the overbought territory, but there is enough room to gain momentum in case the right catalysts emerge.
From the technical point of view, gold is moving towards the psychologically important $2500 level.
Silver
Silver rallies as gold/silver ratio pulled back below the 84.00 level. Traders focus on the strong performance of gold markets, which is bullish for silver.
A move above the $31.00 level, will push silver towards the resistance at $31.45 – $31.75.
Platinum
Platinum gains ground amid strong rally in precious metals markets. Palladium is up by 1.9%, which is bullish for platinum.
If platinum settles above the $1000 level, it will head towards the resistance at $1020 – $1030.
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