Gold, Silver, Platinum Forecasts – Gold Dives After Testing Record Highs

From fxempire.com

Gold: chart Gold pulled back below the $2030 level after testing historic highs. The wild move was likely driven by profit-taking as some traders used the rally as an opportunity to sell gold at record levels. In case gold settles below the support at $2015 – $2025, it will head towards the next support level at $1975 – $1985. Silver: chart Silver pulled back towards the $24.50 level as traders focused on the sell-off in the gold markets. Gold/silver ratio moved above 82.50, putting additional pressure on silver. If silver settles below $24.50, it will head towards the nearest support, which is located in the ... (full story)